Ascendent channel remain intact last weeks, higher band today at 1.0870`s and lower band of the channel 1.0630`s.
Resistance: 1.0775 above [1.0966,1015].
Suports: 1.0215 - 1.0380 - 1.0450 - 1.0524 - 1.0576 and 1.0672.
According with last monhts indicators RSI and MACD are testing resistance level ( good chances reversal near), but for now the last signal of both indicator buy.
In this markets conditions if you think that a push up 500-700 pips, in this case 900 pips is a good reason to open shorts and old until at some point reversal, caution... caution.
Be patience wait at least signal.... example check april of 2011 strong push up macd give a sell signal and reversal come. So be patience and remember trade what you see not what you think/suspect/want.
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