Technical indicators suggest a continuation to next target at 5500.00..
So What Next..
Expected trading for the rest of day is between 4760.00 support and 5500.00 resistance.
Stochastic shows clear positive signals and support the bullish wave..
100 SMA is above 200 SMA so the uptrend is more likely to continue than to reverse..
EMA50 support the bullish trend..
Breaking 4760.00 and hold below it will move the price to $4600.00
(38.2% FIB ) before any other attempt to raise..Holding above 4535.00 support the continuation of the bullish wave towards 5500.00, but breaking and hold below it will cancel the expected raise..
Expected trading
for the rest day is between 4760.00 support and 5500.00 resistance..
Expected trend for the rest of day: Bullish..
What You Know About --> Fibonacci Retracement in Trending Market.
If You Are New Steemain Read --> Get Started Fast with Steemit.
If You are New in Forex --> Read Forex Education Center / Volume I.
If You Feel Invisible on Steemit --> Come and hang with us.
What You Know About --> Syrian Civil War.
