The spot rate is currently testing the upper limit of its medium term bearish channel in 1.4130 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4130 with a 1st objective of 1.4250, then 1.4280. A break in 1.4100 would invalidate this scenario.
Check out this Forex Fund making 200% a month http://instaforex.com/pamm_monitoring.php?x=OUE&user=5040807
No comments:
Post a Comment