Target hit. Possible Resistance test. Neutral.

7 Agu 2018

TP = 1.15531 hit as the latest 4H Channel Down from the successive patterns (see chart) reached the 1D soft support. With DX rejected again at 95.35 it is possible to test the 1.1731 Resistance again. However, the Inverse Head and Shoulders on 1H suggest that the bullish leg (RSI: 67.378, Highs/Lows: 0.0017) is limited to a 1.1600 - 1.1610 Resistance zone and 4H at 1.1620 - 1.1630. With this mixed sentiment, we are neutral for now, as 1D may be turning neutral (RSI = 44.088, MACD = -0.002, Highs/Lows = -0.0017, B/BP = -0.0121), waiting for confirmation of either a rejection at 1.1730 to short or break-out below 1.1510. In both cases the TP is 1.14500.