The price has moved away from the 100 hour MA at the 1.3716 level and broken through the next target support at the 1.3682 area. The next target comes in at the 1.3644 and then the 1.3621 level which was the double bottom on the hourly chart from Monday. The low for 2010 comes in at 1.3585.
We will be watching the 1.3582-88 level now as topside resistance. IF the price is going to trend lower from here, I would not expect a move above this area.
Posts
0 comments:
Post a Comment