Major Currency Pairs
, 1 hour
long
#Technical
#Reversal
Resistance 1 | 1.37311 |
---|---|
Quote Price | 1.36957 |
Support 1 | 1.36199 |
On the 1 hour chart, we can see that the price recently diverged with the MACD which is generally a sign of weakening momentum often followed by pullbacks or reversals. In this case, we got a pullback into the downward trendline and the Fibonacci resistance, but if the price continues higher, the next target would stand around the 1.3731 high where a further breakout would open the door for a rally into the 1.39 handle.
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