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Price seems to be consolidating at the moment holding around the 1.16 area. 1.16 is psychological support; if price breaks above the RSI we could see a retracement for the EU. But if price continues to move down then we might see another bearish wave going down as low as 1.155.
Price seems to be consolidating at the moment holding around the 1.16 area. 1.16 is psychological support; if price breaks above the RSI we could see a retracement for the EU. But if price continues to move down then we might see another bearish wave going down as low as 1.155.