Stops are done to the downside and strong weekly close suggest bulls are trying to dominate.
I would like to see retest of 0,7040/00 early this week, rejection and higher prices towards 0,72+ at the end of the week.
This kind of action would create another lower shadow on weekly chart.
Possible targets stops above 0,74, then 0,7510/7630.
Weekly close below 0,70 will be very negative.
I would like to see retest of 0,7040/00 early this week, rejection and higher prices towards 0,72+ at the end of the week.
This kind of action would create another lower shadow on weekly chart.
Possible targets stops above 0,74, then 0,7510/7630.
Weekly close below 0,70 will be very negative.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.