The counter made a parabolic rally from the lows.
It overrun, exhausted and is now letting go of the fatty gains.
It has also formed a lower-low lower-high formation.
Further, the economic uncertainty around the European Union and their policy is set to favor the bears.
Hence, we expect the pair to be bearish in the near-term.
It overrun, exhausted and is now letting go of the fatty gains.
It has also formed a lower-low lower-high formation.
Further, the economic uncertainty around the European Union and their policy is set to favor the bears.
Hence, we expect the pair to be bearish in the near-term.