scalping forex

scalping forex

Initial resistance is eyed at the June high-day close at 1.1367 with critical confluence resistance eyed at 1.1445/71– a region defined by the objective 2019 yearly open and the 38.2% retracement of the 2018 decline. Look for a bigger reaction there IF reached with a close above needed to suggest a more significant low was registered last month. Yearly open support at 1.1222 backed by the Fibonacci confluence at 1.1170/86– losses should limited to this threshold IF price is indeed heading higher.

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