Overview:
We have identified two parallel channels, which are linear regression channels. Key zones have been calculated using fractals and pivot points.
Key Levels:
Long Entry:
Breaking above 1.0871 presents an opportunity to enter a long position on a reversal.
Short Entry:
Breaking below 1.0850 presents an opportunity to short the pair.
Validity:
This analysis remains valid until the next significant news release and the end of this week.
Note:
Important News: Keep an eye on upcoming economic reports and announcements, as they could significantly impact the market direction.
End of Week: Review positions and analysis as we approach the end of the trading week to ensure alignment with current market conditions.
Conclusion:
Stay alert to the price action around the specified levels, and be prepared to act based on the breakout or breakdown from these key zones.
We have identified two parallel channels, which are linear regression channels. Key zones have been calculated using fractals and pivot points.
Key Levels:
Long Entry:
Breaking above 1.0871 presents an opportunity to enter a long position on a reversal.
Short Entry:
Breaking below 1.0850 presents an opportunity to short the pair.
Validity:
This analysis remains valid until the next significant news release and the end of this week.
Note:
Important News: Keep an eye on upcoming economic reports and announcements, as they could significantly impact the market direction.
End of Week: Review positions and analysis as we approach the end of the trading week to ensure alignment with current market conditions.
Conclusion:
Stay alert to the price action around the specified levels, and be prepared to act based on the breakout or breakdown from these key zones.
