Hello Price Action Traders.
The forex pair in the week just passed has consolidated at 1.3500 area. For the next few days is interesting to see the pait that, if it were to reverse slightly to 1.3400/1.3350 and showing LONG trading signals, could offer a good enter-timing to pick the pair and take it toward 1.3700 area. Selling pressures below 1.3300 instead could push price toward 1.3000.
The forex pair last week failed to get the bullish impulse that I talked about last week. Right now the price is however still supported by dynamic and static areas then we are still faced with the possibility that this market rebounds to 101.20 area. Short signals or pressure under 97.60/98.00 area could create a sell off until 97.00 area support.
It’s all for today
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