1218 days ago • Posted by William Ramstein
The main trend is down according to the daily swing chart. A trade through 89.640 will signal a resumption of the downtrend. The main trend will change to up on a move through 92.730. The minor trend is also down. A trade through 91.150 will change the minor trend to up. This will also shift momentum to the upside. The minor range is 91.150 to 89.640. Its 50% level at 90.395 is currently being tested. The short-term range is 92.730 to 89.640. If the minor trend changes to up then look for a test of its retracement zone at 91.185 to 91.550. Source: FX Empire
