The pair has been trying to cross the resistance level of 0.9085. If the pair closes above the level of 0.9085, then we can see a huge momentum upside towards the targets at 0.9205, 0.9246, 0.9450, and 0.9516. The pair did multiple attempts to cross the 0.9085 level from its daily high made on January 13, 2014. It succeeded three times, but was unable to close above that level. On the down side, 0.8992, 0.8977, and 0.8929 are the strong support zones. A move below the level of 0.8890 will lead to a fall towards 0.8730, 0.8693, and 0.8660. The daily momentum indicators show a buy signal.
Positional
S1 0.8992 R1 0.9085
S2 0.8890 R2 0.9205
S3 0.0.8693 R3 0.9246
The material has been provided by InstaForex Company – www.instaforex.com
The pair has been trying to
cross the resistance level of 0.9085. If the pair closes above the level of 0.9085, then
we can see a huge momentum upside towards the targets at 0.9205, 0.9246, 0.9450, and
0.9516. The pair did multiple attempts to cross the 0.9085 level from its daily high made on January 13, 2014. It succeeded three times, but was unable to close
above that level. On the down side, 0.8992, 0.8977, and 0.8929 are the strong
support zones. A move below the level of 0.8890 will lead to a fall towards 0.8730, 0.8693, and 0.8660. The daily momentum indicators show a buy signal.
Positional
S1 0.8992 R1 0.9085
S2 0.8890 R2 0.9205
S3 0.0.8693 R3 0.9246
The material has been provided by InstaForex Company – www.instaforex.com
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