Hi All,
So last week, this pair broke the upward channel , & now stuck at support area of 109 region , which seems to be holding . So for we start above that , this is what i anticipate . A bullish run to create a new high above the 112.000 region .
I'm opening a buy on this pair based on what i see on my chart , Note we still under a risk off situation with Yen & Chf , so any mini bad data or news from the US will impact the move higher & if we are to go any lower , we should at least touch 112.000 region .
Many Thanks.
So last week, this pair broke the upward channel , & now stuck at support area of 109 region , which seems to be holding . So for we start above that , this is what i anticipate . A bullish run to create a new high above the 112.000 region .
I'm opening a buy on this pair based on what i see on my chart , Note we still under a risk off situation with Yen & Chf , so any mini bad data or news from the US will impact the move higher & if we are to go any lower , we should at least touch 112.000 region .
Many Thanks.
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SL to entry . Risk Free trade
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SL into Profit
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Sl into 40pips .