Pivot: 1.2430


Our preference:

long positions above 1.2430 with targets at 1.2495 & 1.2530 in extension.


Alternative scenario:

below 1.2430 look for further downside with 1.2400 & 1.2380 as targets.


Comment:

the immediate trend remains up and the momentum is strong. The pair validated a Falling Wedge: a bullish continuation pattern calling for a continuation of the short-term bullish trend.


Supports and resistances:


1.2575

1.2530

1.2495


1.2463

Last

1.2430

1.2400

1.2380
































Kategori: ANALISA