Hello Traders, This is my Video Analysis on this Pair.
On The Monthly timeframe, Price is in a Bullish Environment.
On The Weekly Timeframe, Price created a Demand in the last 2 weeks and this weekly Candle looks set to close Bullish Today.
On the daily Timeframe, Price has created a Supply, I expect price to go for a retest of the Active Demand Created Previously before Continuing back to the Upside.
I will be monitoring Price Action for bearish Trading Opportunities if this Supply Holds, However, if the Supply does not hold and we get a strong Bullish Daily Momentum Candle, Then I will expect Bullish Trading Opportunities.
There is a Supply zone 0.7
If price closes above 0.7, it could be a free ride to $1