Bulls are exhausted, pair has been trading in a triangle formation, downside held by 3035-3060 support area, upside by 3157-3120 trendline and 3100 psycho level. Immediate support comes in @ 3060 static with nearby 100 SMA on H1 & 21 EMA on H4. If these fail to hold, close position or close partially and look for a better buying opportunity at lower levels. Important resistance is a trendline coming from 3333-3158, pushing price down, this caused a doji yesterday. If it manages to hold today, expect price return to lower levels towards 3000. If it breaks, expect no mercy en route to 3400. Mind resistance @ 3333!
LONG @ 3160, SL 3140, TP1 3200, TP2 3325, TP3 3400.
SHORT @ 3100, SL 3120, TP1 3060, TP2 3040, TP3 3000.
LONG @ 3160, SL 3140, TP1 3200, TP2 3325, TP3 3400.
SHORT @ 3100, SL 3120, TP1 3060, TP2 3040, TP3 3000.
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