Recently we saw that this pair broke the long term descending trendline and last week we cleared the daily level. We seem to be in an ABC bullish correction.
Watch for bulls to come in and enter with stops below the ABC correction.
What's next for this pair as price action is seeming bearish at the moment?
Fradman
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Loving the work !
MH100
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Keep the analyses coming brother, loving your work!
Sophiaelias
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This chart is long waited for. I can’t figure this pair at all.
Many thanks.
loudon3
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Another nice one, @Wicktator ! Daily Support around the 0.86350 level looks like it might offer a bounce-off point. That makes it between the 23.6% and 38.2% Fibo retracement levels of the big move up. However, price has gone sideways for the last 6 days, which is quite a long time, so a slightly deeper pullback wouldn't be a surprise either. As always, we shall believe what we see when Price Action develops!