Weekly technical levels:
Forecast:
It should be noted that we got a weekly pivot point at the level of 1.3030. In addition, a gap has opened below the weekly pivot point. Therefore, the market will probably indicate a bearish opportunity at the level of 1.3030 and the gap will act as a strong resistance. Thus, according to the previous events, the price has still been below 1.3030. Thenceforward, below 1.3030 (61.8% of Fibonacci retracement levels) look for further downside with 1.2870 and 1.2830 targets. However, stop loss should be placed above 1.3055.
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
