The bulls clearly remained in charge last week and price was pushed to .9600
Price is currently at the top of a weekly channel up and is in a prime zone for the beginning of a retracement. Possible triggers for retracement will be price reaching .9800 as well as 1hr, 4hr and daily closes below the upper weekly channel trend line also continued resistance at .9600. Bears will be watching for any weakness and likely will be targeting the lower weekly channel trendline for profit taking (.9200?).
Short term sentiment - bearish
Long term sentiment - bullish
Thank you for visiting my blog!
This is not a recommendation to trade.
No comments:
Post a Comment
Thank You for your comment!!!
I may or may not respond! LOL!!!
Dan