Monthly Range Update - 27/7/15
Differences todate
Opening and High - 84 pips (1.1208)
Opening and Low - 323 pips(1.0801)
Overall Range - 407 pips
If looking at this monthly range, it can be implied that the potential next week movement is bullish towards the next 300 pips momentum.
The opening price for today though was at 1.0965, instead of what was targeted at 1.1101 for last week as a mean to complete the weekly cycle.
As such, there`s still a potential of going further up towards 1.1401 or 1.0601 but it all depends on today's result.
As of now the Highest achieve is 1.1106 with low remain at 1.0965. Based on the present low figure, the highest it could achieve in terms of weekly is at 1.1265 thus a mere resemblances of the previous high range. And also it would not complete the whole potential pictures of monthly range.
Potential
High - 1.1208
Low - 1.0608
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