Price is currently trading in an ascending triangle and has reached the demand zone level with confluences of the 38.2 fib line and the support of the ascending triangle. There is potential that price will retrace from these levels and a very good opportunity to go long on this pair!! Lets see what happens during the week!
Comment
⋅
Bears were in complete control till it reached the golden ratio (61.8) and price is holding onto the level which will hopefully see the bulls take control and see bullish momentum on the pair.