Price formed double bottom at 1460 zone, but failed to take support, fall for another 100 points. Now it is sustaining above 1400 zone.
Important support zone is 1380 - 1400.
Important resistance zone is 1450 - 1470.
If price sustains above resistance, then we can expect good bullish movement.
One hour time frame shows, price is sustaining above the trend line.
I am not going to give levels, let us see how price reacts around the important zones and decide accordingly.
Important support zone is 1380 - 1400.
Important resistance zone is 1450 - 1470.
If price sustains above resistance, then we can expect good bullish movement.
One hour time frame shows, price is sustaining above the trend line.
I am not going to give levels, let us see how price reacts around the important zones and decide accordingly.
Comment:
No direction yet.