The recent high 98.6 has been acting as the reversal point to the lower levels. In the H4 chart, Stochastic gave a sell signal, where the RSI was still in buy mode. Today, the price is trading above 21DEMA, cmp 97.83 and is standing above yesterday’s high, which is a bull factor. But if we go through the hourly chart, we can see oscillators giving a sell signal. The price is trading near resistance zones.
Support: 97, 96.3
Resistance: 98, 98.6
Recommendation- sell for the targets $91, 87 and 85.
The material has been provided by InstaForex Company – www.instaforex.com
The recent high 98.6 has been acting as the reversal point to the
lower levels. In the H4 chart, Stochastic gave a sell signal, where the RSI was still in buy mode. Today, the price is trading above 21DEMA, cmp 97.83 and is standing above yesterday’s high, which is a bull factor. But if we go through the hourly chart, we can see oscillators giving a sell signal. The price is trading near resistance zones.
Support: 97, 96.3
Resistance: 98, 98.6
Recommendation- sell for the targets $91, 87 and
85.
Related Posts: