Overview
According to our last week expections, the price’s close below the Resistance level of 22.50 will give new opportunities for sell signals. Currently, the ****l has already managed to close below the Resistance level to trade below and opened the way towards 21.70 as the first target, then the ****l should test the Support level of 21.30 to get more bearish moves before reaching 21.00 as the second target. On the other hand, the ****l's rebound from the Support level of 21.70 cancels bearish scenario.
Resistance and support levels: R3 (22.80), R2 (22.50), R1 (22.15), S1 (21.70), S2 (21.30), S3(21.00)
The material has been provided by InstaForex Company - www.instaforex.com
Read More
