The short/medium trend for this pair is down. EJ has quite a resistance near the 163.25 area and is keeping rallies capped since last week. Support near 159.50 needs to be broken to accelerate the down trend. Lest we forget, a head-and-shlouders pattern along with a descending triangle look bearsih for EJ..more updates tomorrow with chart and setup..getting sleepy..zzzzz
Daily Pivots: 157.34, 158.39, 159.54, 160.59, 161.74, 162.79, 163.94
No comments:
Post a Comment