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CMS Daily Market Report 29th July 2022

 

Now, according to the price position in the 4hour chart, the price has crossed the range of the resistance trend line and there is a possibility of continuing the upward movement towards the resistance range of 1768. According to the upward movement of the price on Thursday, buying in the range of 1735 is a low-risk option.

Currently, according to the price position in the 4-hour chart, the currency pair is in a short-term downtrend channel. If the price crosses the resistance range of 1.02300, the way will be prepared to continue the upward movement towards the range of 1.03030.

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