Noor Trends News, Technical Analysis, Educational Tools and Recommendations
We remained neutral during the previous analysis, due to the conflicting technical signals, in addition to the continued decline of trading between 1.4100 and 1.4200.
On the technical side today, the technical signals are in conflict, in addition to the continuation of the incidental of aforementioned level, which makes us continue to be neutral until the direction becomes more clear, to be in front of one of the following scenarios:
Activating long positions requires a breach of 1.4200 to target 1.4235, and gains may extend later to visit 1.4270. Activating short positions depends on confirming the break of 1.4110, and most importantly 1.4080, and that facilitates the task required for a rise to 1.4010/1.4000.
| S1: 1.4110 | R1: 1.4200 |
| S2: 1.4080 | R2: 1.4235 |
| S3: 1.4030 | R3: 1.4280 |
