Cable's recovery from Tuesday's low of 1.2109 to 1.2220 today if followed by a day end close today above the 10-DMA level of 1.2208 would add credence to the signs of turnaround in the MACD and open doors for a rally to 1.2346 (Feb 7 low).
On the downside, only a daily close below 1.2108 would revive bearish view.
On the downside, only a daily close below 1.2108 would revive bearish view.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.