Market open analysis
Presented is a 1 hr chart analysis for market open.
We see a sharp pivot off top whole number resistance 1.58300.
Our main support retest off this pivot is 1.57300 with a potential early pivot at 1.57500. An early pivot may signal a breach through top resistance.
I sentiment a retest of bottom support with a pivot to retest top resistance continued by a bull/bear tug of spear to breach through the top.
Potential scenario presents a breach through main support to retest 1.56900.
RSI, MACD, and SRSI indicate sell off to retest at least main support.
Please comment with thoughts and ideas. Thank you.
We see a sharp pivot off top whole number resistance 1.58300.
Our main support retest off this pivot is 1.57300 with a potential early pivot at 1.57500. An early pivot may signal a breach through top resistance.
I sentiment a retest of bottom support with a pivot to retest top resistance continued by a bull/bear tug of spear to breach through the top.
Potential scenario presents a breach through main support to retest 1.56900.
RSI, MACD, and SRSI indicate sell off to retest at least main support.
Please comment with thoughts and ideas. Thank you.
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