Albert Fitoussi
Technical analysis
The spot rate is currently testing the intermediate support of its medium term bearish channel in 107.80 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 106.40.
According to previous events, the market indicates a bullish opportunity on the levels of 107.80 with a 1st objective of 109.00, then 109.20. A break in 107.60 would invalidate this scenario.
http://instaforex.com/forex_analysis/38078/?x=OUE
No comments:
Post a Comment