We have a very nice bullish move that occurred right after the weekly flag formation completed. So this can be a continuation for the long.
Right now, it is overbought on the 4hr chart, so we may experience a retest of the daily SR level around 1.29956 are before continuing up. I'm actually not looking for this to go too much further down, especially with Coronavirus outbreaks appearing in the United States. But the TPs are there because you never know what will curve the markets.
The TPs are of course going to key level zones as always. Here are your targets:
BULL TPS:
• 1.30560
• 1.31384
• 1.31974
BEAR TPS:
• 1.30017
• 1.29500
• 1.28575
• 1.28111
Right now, it is overbought on the 4hr chart, so we may experience a retest of the daily SR level around 1.29956 are before continuing up. I'm actually not looking for this to go too much further down, especially with Coronavirus outbreaks appearing in the United States. But the TPs are there because you never know what will curve the markets.
The TPs are of course going to key level zones as always. Here are your targets:
BULL TPS:
• 1.30560
• 1.31384
• 1.31974
BEAR TPS:
• 1.30017
• 1.29500
• 1.28575
• 1.28111