Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a short position. The red lines show the support levels, and the green line indicates the resistance levels. These levels can be used to enter and exit trades.
Strategy: SELL, stop loss at 109.25, take profit at 108.60.
Resistance levels: 109.75, 110.05., and 110.50
Support levels: 108.60, 108.30, and 108.00.
The material has been provided by InstaForex Company – www.instaforex.com
Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a short position. The red lines show the support levels, and the green line indicates the resistance levels. These levels can be used to enter and exit trades.
Strategy: SELL, stop loss at 109.25, take profit at 108.60.
Resistance levels: 109.75, 110.05., and 110.50
Support levels: 108.60, 108.30, and 108.00.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: