Previous analysis of November 13 gave profit 350 pips. I wrote: “Support at 1.5150 was break below and downward movement is continuing in direction of level 1.5000. After break below support at 1.5000 target of falls will be 1.4730, 1.4400”. Actually falls reached to level 1.4700 and yesterday was a rebound.
There is a possibility that at current level will be a rebound or even trend reversal because that level is supported by fibo 61,8% of previous upward movement. If rebound will be succeed resistances are at levels: 1.5000, 1.5270, 1.5500. However if support at 1.4700 will be break below nearest supports are at levels 1.4400, 1.4000.
Try FX GROW. Spread from 0.00001 also STP/ECN execution, full transparency.
