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Forex technical analysis trends and evulation feb 21-25
by admin ·
Last week, our strategy was as follows “Also, it is best to follow the strategy of last week and stay in buyer- above 3580 and vendor- below with as kickback zone 3520/10. A passage from this point lead us on 3480/70 and 3420 and 3320. On the upside, and above 3580, especially 3620 and 3650 are our first resistors before returning to 3720 “and we went on from 3580 to 3420 and at- above about 3720.
This week, we’ll continue going up or 3720 T it to block a return to 1.38 and 1.40?
For now, the daily MACD is still bearish and we should wait for a bullish cross for us to be sure of the continued rise. A buy signal might intervene with 1.38 3820/40 as an area of resistance. One can imagine then test these levels and the- 1.40 above the road would be open until 1.42, above our.
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