This pair has passed through several zones I consider support and resistance. When this last happened we saw an immediate push when it last touched resistance. It’s been overbought the last few weeks due to recent news events.
This pair hasn’t been following structure but it has been skyrocketing during this bull run. I believe we have now broken out of this bear market into a bull market. It has has been in a downtrend for weeks following structure until recently. In order to make this move valid it needs to retest support at .73000
The macd shows it is losing momentum and I believe we could see a good 100+ pips.
This pair hasn’t been following structure but it has been skyrocketing during this bull run. I believe we have now broken out of this bear market into a bull market. It has has been in a downtrend for weeks following structure until recently. In order to make this move valid it needs to retest support at .73000
The macd shows it is losing momentum and I believe we could see a good 100+ pips.