2020/07/29 - 09.38 AM
Our preference: short positions below 1.2950 with targets at 1.2900 & 1.2860 in extension.
Alternative scenario: above 1.2950 look for further upside with 1.2985 & 1.3015 as targets.
Comment: as long as the resistance at 1.2950 is not surpassed, the risk of the break below 1.2900 remains high.
Trading foreign currency exchange and Crypto Exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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