The pair opened this morning’s trading on a strong positive note, as it is currently attacking the barrier at 185.80, attempting to find a breakout that confirms continued positive momentum in the short and medium term.
We note that repeated stability above the support level at 184.20, combined with the main indicators providing positive momentum, would increase the chances of achieving the required breakout. In that case, the price is expected to head directly to 186.65, and with continued upward pressure it may extend toward the next main target at 187.40.
The expected trading range for today is between 185.00 and 186.65
Trend forecast: Bullish
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The pair continues to remain positioned within a positive trend so far, supported by the formation of the 213.50 level as the first key support. This has led to renewed attempts to reach the resistance near 215.50, in an effort to find a breakout path to resume the upward movement in the short to medium term trading.
MorePlatinum price continued to form positive trading, benefiting from the formation of the $1640.00 level as a strong additional support, leading to its current attempt to attack the initial barrier at $1770.00, to find a path for further upward waves in the near term.
MoreCopper price activated since this morning’s trading to the positive signals from the main indicators, maintaining its position above the stable support level at $6.1000, as we notice the beginning of forming new upward waves that have settled it near $6.5000.
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