MAJOR SUPPORTS: 1.20/1.21—1.18—1.15
MAJOR RESIATANCES: 1.23—1.255—1.27—1.29
After a break below descending triangle conversion rate tanked sharply. Now it is trying to take support
at crucial support line which is currently placed at 1.20-1.21. At the bottom, we can see a positive
divergence which is in support of our assumption that EURO may recover.
Confirmation criteria for Bulls-bears: Holding above 1.20-1.21 may allow EURO to see some recovery.
Towards 1.25 and 1.29 if breaks above 1.25/1.26. Action below 1.20 may create triple positive divergence
on the cards.
MAJOR RESIATANCES: 1.23—1.255—1.27—1.29
After a break below descending triangle conversion rate tanked sharply. Now it is trying to take support
at crucial support line which is currently placed at 1.20-1.21. At the bottom, we can see a positive
divergence which is in support of our assumption that EURO may recover.
Confirmation criteria for Bulls-bears: Holding above 1.20-1.21 may allow EURO to see some recovery.
Towards 1.25 and 1.29 if breaks above 1.25/1.26. Action below 1.20 may create triple positive divergence
on the cards.
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