Long-term review
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Overview:
- The resistance is seen at the level of 0.6836. Also, it should be noted that the level of 0.6724 represents strong support. Consequently, descending movement will probably be lower than the lower than the level of 0.6836 with targets at 0.6757 and 0.6724. On the contrary, the support has been already found at 0.6724 and the double bottom is formed at 0.6697. Furthermore, it looks very profitable to buy above this level to retest it in the short term. Therefore, buy deals are recommended above the level of 0.6697 with targets at 0.6801 and 0.6835 to reach peak price today.
Notes:
- The major resistance is seen at the level of 0.6836.
- The minor support is found at 0.6757. But the major support had been already found at 0.6724.
- We expect a new range of about 112 pips (0.6836 - 0.6724) in coming two days.
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