Thursday, March 6, 2014

******* Ezra: Cleared psychological 1.10 resistance level.....More upside possible.... Price 1.105

Ezra has tested and cleared above the 1.10 critical resistance level. Traded below for more than a month already. Along as 1.10 is a support now, a rise towards 1.16 then 1.20 seems likely. Note that the 1.10 also coincides with the 200 DAY Long term MA which can also signal a change in trend direction to upwards finally. Ultimately the 1.10 must hold as new resistance turned support level.
Stop loss at 1.085
 
 

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