: From a technical perspective, the 1.07 boundary is likely to be the next level on tap today which happens to be located 10 pips below a daily #resistance
level at 1.0710. However, the more attractive zone for #price
, in our opinion, is seen lurking above at the 1.08 neighborhood.
Not only is this number sited nearby a H4 Quasimodo resistance level at 1.0796 as well as the tip of a H4 #Harmonic
(Bat) potential reversal zone at 1.0809, it also fuses nicely with a long-term weekly trendline resistance extended from the low 0.8231!
Read detailed analysis here: http://www.icmarkets.com/blog/friday-20th-january-daily-technical-outlook-and-review/ #Forex