New support line in the makings ?
Days ago, i mentioned about the support line to look out for as for 2 days it did not close below it.
Now, it appears to me that a new support line may be in the makings.
If so, we could expect a new upwards channel on the daily.
I have posted this below.
In other parts of the financial world, oil and s&p 500 dropped probably in part due to the lower CB Consumer Confidence Report.
It is interesting to note however that the EUR/USD did not drop much. Springing off around 1.4001. This may suggest buying interest.
Do provide me your constructive comments if any. Will love to hear them !
