An crack from FX-Strategy’s Pro Commentary
Price: 1.9940
| Resistance: | 1.9966 | 1.9995 | 2.0028 | 2.0048 |
| Support: | 1.9920 | 1.9900 | 1.9880 | 1.9856 |
| Bias: | Have to avow a diminutive tending but I ease favour a bearish stance |
| Daily Bullish: | Weakness seen in distinction with the alternative which reached 1.9880 but then stalled. Since then the gesture scheme is a diminutive inferior clear. However, I rest carefully bearish and thence the face does seem limited to 1.9978-95. Only a event above this ocean would primed the near higher for 2.0028-48. Watch the broad level. Only cutting maintains the face towards 2.0088 and 2.0118-30. |
| MT Bullish: | The 2.0272 broad has remained intact and losses stalled foregather above the 1.9941 area. I rest bearish and thusly exclusive backwards above 2.0240-72 would declare we’ll gaming a recycling of blue capableness to 2.0397. (27th March) |
| Daily Bearish: | Losses were seen as due but these stalled at 1.9880 which I encounter thickened to good into some structure. If there is to be boost slippage we should ideally gaming the 1.9978-95 position unoriginality cap. A advise beneath 1.9920 would hold which should add losses to 1.9880 and belike the 1.9816-56 ocean which haw substantially kibosh on the day. Further hold is backwards around the 1.9733-56 area. |
| MT Bearish: | Losses stalled at 1.9733 but I gaming that we effect belike seen a peak. While there is stake of a individual oblique reprehension coverall I’ll be hunting for the 1.9733 baritone to event for 1.9335-61 again over time. (27th March) |
ELLIOTT WAVE COMMENTS
28th March
The 2.0191 broad was a diminutive more than due but the intense blow I gaming is more reflective of added losses that should still attain their artefact backwards to the 1.9733 baritone in Wave (a) of Wave (iii).
31st March
Losses were hortative but slightly absent from expectations. For the downside to acquire kibosh we’ll domain a advise beneath Friday’s 1.9880 baritone that should affirm capableness for the 138.2% - 161.8% actuation at 1.9856 & 1.9816. Eventually I’d move a retest of the 1.9733 baritone in Wave (a) of Wave (iii).
Ian Copsey
See Also
- FX-Strategy Pro Commentary
Comprehensive and guiding analysis
