These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
With today being the last trading session of the 2016 year this pair will likely remain in consolidation, despite the buying pressure being seen.
The .7232 figure marks strong resistance and it is likely to see sellers step in near the figure.
It will take a significant break above the figure to expose any further upside with next key resistance at .728
A swift rejection at the .7232 is to be expected.
I hope this provides you with some directional clarity on this pair! Enjoy!
Good evening traders!
With today being the last trading session of the 2016 year this pair will likely remain in consolidation, despite the buying pressure being seen.
The .7232 figure marks strong resistance and it is likely to see sellers step in near the figure.
It will take a significant break above the figure to expose any further upside with next key resistance at .728
A swift rejection at the .7232 is to be expected.
I hope this provides you with some directional clarity on this pair! Enjoy!
