This currency pair has created a history of new low, as well as other currency pairs such as GBPUSD.
On this pair I saw the possibility of a rebound after seeing the formed candle shapes. On weekly timeframe, the last two candles formed rejection candles, green candles with a long lower tail. On daily timeframe, the last 2 candles formed bullish candles that are quite long. And on this 4 hour timeframe I see bullish still dominate. We will see !
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Note: I don't give buy and sell signals. All my posts are just ideas. If you want to apply, do your own analysis first, make sure it matches your analysis. If not, then just trash this idea. So that you won't disappointed and blame the other party when everything does not fit the analysis.
Comment:
Price movement didn't match as predicted.