- February 1, 2021
- Posted by: cabana-admin
- Category: Forex Broker
General overview: The pair keeps rising towards the positive direction in the market. The pair keeps growing towards the positive momentum ahead. The price is keeps rising towards the higher side. The major volatility can be seen towards the strong move ahead. The pair emerges with the strong growing side in the market. The pair starts growing towards the bullish side in the market. The expected range top will be 0.8980 in the market. The market moves towards the buy-side in the market. The pair breaks the resistance level of the market and start rising towards the buy-side in the market.
Technical analysis: According to the technical point of view we can say that market sits towards the positive side in the market. The technical chart says that investors should go for buy in the market. The market shows its maximum power to the bulls and the pair reaches towards the strong bullish side. On the 4 hourly charts, we can say that market travels towards the 0.8917 level in the market and the indicators also indicating towards the positive side in the market as the RSI also reaches above 50 level and MACD above zero lines both are indicating the buy signals in the market.
The major line SMA falling below the level EMA and makes their trading towards the positive side in the market. So, we suggest our traders make their investment towards the buy-side in the market. The support of the trade is 0.8866 followed 0.8816 and resistance is 0.8966 followed by 0.9016.
Trade idea: We would suggest to our traders that go for buy at level 0.8916 and target will be 0.9066-0.9146 and stop loss will be 0.8866.
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