1. Pair looks confused at the moment, being stuck within fibonacci levels.
2. Supported by 200DMA, but looks limited upside.
3. We like the possible lower high, and a possible break of the rising trendline.
4. MACD crossover.
5. We recommend a sell from current levels, SL: a close above 0.95200, TP: 0.92500
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1. As advised earlier, we suggested buying dips towards 0.94, but did not want to catch the falling knife.
2. Looking at the strength of the fall, we suspect that 0.94 will be a magnet level for the next few trading days.
3. As for now, look to buy for a close above 0.94300 (200 DMA).
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1. We previously advised a buy the dip towards 0.94. (refer to below post)
2, Given the sharp drop, its inadvisable to enter now.
2, Given the sharp drop, its inadvisable to enter now.
3. We're cautiously optimistic on the 4 hourly chart.
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1. Pair looks unstoppable at the moment, breaking above, retest and clearing 200DMA
2. USD is the preferred buy across all pairs now; CHF is the no-brainer sell.3. However, we reckon a sell zone at 0.96 area.
4. Our recommendation is to buy the dips towards the 0.94 area. Look out for the numerous data releasing this week for dip opportunities to buy.
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