The larger picture would points towards a big increase to a
possible 1.48000. A practical solution would be to wait for an increase in
momentum or a second upwards break of the 1.44356 support.
While committing to a buy position now could prove
beneficial, a chain of positions is advised while the correction formation
presents itself and can be observed better.
Friday: Not much is expected except for the University of
Michigan consumer sentiment, but be aware of a strong upwards move incoming.
An alternative scenario is a possible turnaround with the
initial markings of a head and shoulders – something to be aware of in case of
a fall and bounce off the 1.40000 support.
Interesting
ReplyDeleteHelpful analysis, I will keep it in mind.
ReplyDeleteThank you for sharing.
ReplyDeleteThank you for the analysis very helpful.
ReplyDeleteValuable information! Thanks.
ReplyDeleteGreat analysis, thanks.
ReplyDeleteInformative post.
ReplyDeleteVery helpful.
ReplyDelete