A basing pattern is spotted on the weekly time frame. Stochastics and RSI is also pointing up. There is a lot of potential for this pair to go upwards and upside target is at 0.94.
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Below 0.889, we might see the bears gaining control again.
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For daily technical analysis on majors, do proceed to LIKE my fan page at facebook.com/forexachievers
Below 0.889, we might see the bears gaining control again.
For daily updates of major forex pairs, visit facebook.com/forexachievers
Founder of www.ProTradersNetwork.com, home of the TMG Titan traders who uses TMG Titans Pro Tools developed by Ardy.
TMG Pro Tools (MT4) includes: TMG Grid Master Pro, Titan Ranger, Grid Calculator, Titan Timer and TMG Livewire Pro
TMG Pro Tools (MT4) includes: TMG Grid Master Pro, Titan Ranger, Grid Calculator, Titan Timer and TMG Livewire Pro