Price was playing within a range-bound market environment and I assume that if bulls overall dominate the market for the remaining days of this week. If price breaches through the upper band of this range-bound market with intensive volume then buyers may prolly lead price around the previous swing high (Light Blue Line). If It ends with a bullish bias then we can watch if the price could make around R1 (Light Blue Zone).
FOREX DISCLAIMER
Trading foreign exchange on margin carries a high level of risk, and may not be suitable
for all investors. Past performance is not indicative of future results. The high degree
of leverage can work against you as well as for you. Before deciding to invest in foreign
exchange you should carefully consider your investment objectives, level of experience,
and risk appetite. The possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot afford to
lose.
FOREX DISCLAIMER
Trading foreign exchange on margin carries a high level of risk, and may not be suitable
for all investors. Past performance is not indicative of future results. The high degree
of leverage can work against you as well as for you. Before deciding to invest in foreign
exchange you should carefully consider your investment objectives, level of experience,
and risk appetite. The possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot afford to
lose.