The pair is likely to extend weakness towards 1.1250 in coming 1 to 2 months. It is unfolding within an ending diagonal structure.As long as prices are holding above 1.1540 further extensions of gains towards 1.18 can be seen ahead of turning lower. An early break below 1.1540 will turn the sentiments weak and will push the prices further down towards 1.1250.
Comment:
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Comment:
The pair is trading within a sideways consolidation which is likely to find support around 1.1600 on further weakness and turn higher ahead of turning lower in coming months