The pair has been on a 3 month sideways trading sequence as seen on 1W. The fact that it just turned marginally bearish
= 39.515, MACD
= -0.009, Highs/Lows = -0.0040, B/BP = -0.0179) on the top of the long term Buy Zone (1.1215 - 1.12685) presents an opportunity for a medium term buy. If the set-up on 1D stays a standard Channel Down ( RSI
= 35.597, Highs/Lows = -0.0093), then its technical Lower High should be a +1.97% sequence at 1.1460. We are long and will settle for a more moderate TP = 1.14200.
** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...
) to get more daily ideas. **
Comments and likes are greatly appreciated.