The pair trades with bullish bias since the morning, and approaches calmly from 1.3145, to keep our expectations for the preferred bullish trend effective for today, being aware for the clear overbought signals that appear on Stochastic which might decelerate achieving the waited target.
Expected trading range for today is between: 1.2900 support and 1.3200 resistance.
Expected trend for today: Bullish
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The pair’s trading continues calmly since yesterday’s trading to keep the stability above 121.10 which represents 23.6% Fibonacci, thus we remain in our previous expectation to achieve 122.65 as a main target for the bullish trading.
MoreThe pair moved quietly in its recent trading to be trading with bullish bias to achieve 141.15 which represents 23.6% Fibonacci, to confirm that it surpassed the correctional bias and begin a positive bias.
MorePlatinum achieved stability above the support level 1560.00 as we expected in our previous report to notice achieving an initial positive level by reaching 1577.00 since the morning trading.
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