ARTC Technical OverviewPosted on Monday, September 19 2016 at 4:31 am GMT+0000
Monitoring for a breakout above 1.56.
With the bearish trend being dominant on both the long and the medium term, traders shall wait to see any sign of reversal before entering in long positions, at the moment only an immediate break above the 1.60 will confirm forthcoming bullish scenarios for medium term traders. The weak trend characteristics reflected in the short term obliged traders to stay neutral for the moment monitoring for stronger trend developments before any new positions can be materialized. At the moment only an immediate break above the range’s upper boundary will signal the continuation of the previously dominant uptrend, suggesting an ease in the upside speed, and raising expectations in the market’s ability to move towards the 1.62 and probably 1.71.