Last week the support area 123.40 worked very well. But what makes me doubt of what´s the current trend is the Double-Top at 127.70 price zone.
So the question that remains here is this: is the last Friday´s Bullish move simply a correction of its Bearish Trend or the beginning of a Bullish one.
My strategies then are:
LONG at 125.20 or 124.80 support areas, depending of what candlestick pattern the 1-Hour chart forms there;
LONG at the break of the following resistances: 126.10 / 126.25 / 126.56
LONG at 125.20 or 124.80 support areas, depending of what candlestick pattern the 1-Hour chart forms there;
LONG at the break of the following resistances: 126.10 / 126.25 / 126.56
SHORT below 124.20 and 123.40
