After achieving four-hour closing above 1.1120, we can now talk about the harmonic probability with targets at 1.1270 and 1.1330.

Potential butterfly is on progress due to the Fibonacci symmetry dominated the market movements.

Stability above 1.1050 is required and above 1.1020 is necessary to prove the positivity appearing on ADX.

Support: 1.1120 – 1.1085 – 1.1050

Resistance: 1.1165 – 1.1215 –  1.1270

Posted By: ICN.COMon: August 12, 2015In: Technical Analysis

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