We have recently seen a bullish rally. This has been fuelled by a number of factors. One being the GDP contracting for the first quarter of the year. This was expected considering the current lockdowns as a result of the pandemic.
On the technical side, we have reached resistance at 1.1040 where we have opened a sell position. Expecting the pair to go down as indicated in the chart.
On the technical side, we have reached resistance at 1.1040 where we have opened a sell position. Expecting the pair to go down as indicated in the chart.