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7.29 Monday Market Overview: Where is the ERA Double Bottom Structure Pullback

$ERA started to pull back after multiple obstacles at 1.4249, and the support at 13508 did not hold effectively, currently oscillating within the range of 1.2637-1.3508. The oscillation range provides opportunities for high sell and low buy trades.

Wait for ERA to pull back to 1.2637 without breaking or a false break followed by a recovery to go long, with a stop at 1.224, and targets at 1.3254 and 1.3629; on the contrary, wait for a right-side breakout above 1.3508 and a drop back to go short, with a stop at 1.3789, and targets at 1.2824 and 1.2637.

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