Date: 1 November, 2016
H4 Graph: Short term Long
The price made a break of the horizontal resistance at 0,95900. The tendensy for long remains as the price makes higher lows. 50 МА moves above the 200 МА on H4. Close to the diagonal support, good level for long after break of horizontal resistance. Awaiting pullback on possible retest of the 0.95900 level.
Alternative Scenario: If the price moves below the horizontal support now and diagonal support, this will cancel the bullish view.
DEM (14): – In the overbought zone
Price for Entry long around:0,9600
Jr. Trader – S. Fuchedzhiev