Technical analysis
Albert Fitoussi
.png)
The spot rate approaches to the upper limit of its medium-term bearish channel in 1.3790 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3790 with a 1st objective of 1.3850, then 1.3890. A break in 1.3770 would invalidate this scenario.
http://instaforex.com/forex_analysis/43281/?x=OUE
No comments:
Post a Comment