Another bullish close of the trading session at 1.2950. Buyers most likely will reach the psychological resistance 1.3000 today, where we can expect a start of downward correction. Surprises with breaking 1.30 also might take place. But anyway more reasonable appears a corrective scenario as profit-taking and triggering of sellers’ limit orders definitely will take place at 1.30.
Local upward structure is in corrective downward phase. Presumably we’ll see a start of one more strong upswing to 1.3000 from 1.2900-1.2910 (earlier broken PPZ).
Thus today longs from 1.2900-1.2910 to 1.3000 are actual.
Testing of 1.2900-1.2910 and then growth to 1.3000.
Longs from 1.2900-1.2910 to 1.3000.
Shorts from 1.3000.