The price shows more slight negative attempts to settle near 1,230.00 now, while the overall positive scenario remains active until now. It is organized within the bullish channels that appear in the above chart and supported by the EMA50. The price is waiting for heading towards 1,249.94 as the next main station. We remind you that the price might witness some temporary decline to 1,222.00 before it returns to the upside again, taking into consideration that holding above 1,211.31 represents the most important condition for the suggested positive expectations continuation. The expected trading range for today is between 1,222.00 support and 1,245.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The price shows more slight negative attempts to settle near 1,230.00 now, while the overall positive scenario remains active until now. It is organized within the bullish channels that appear in the above chart and supported by the EMA50. The price is waiting for heading towards 1,249.94 as the next main station. We remind you that the price might witness some temporary decline to 1,222.00 before it returns to the upside again, taking into consideration that holding above 1,211.31 represents the most important condition for the suggested positive expectations continuation. The expected trading range for today is between 1,222.00 support and 1,245.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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