Market is trading inside 1.116-1.112 trading range. Multiple rejection candles, oversold rsi with divergence + significant level of structure support looking left give an indication of bulls exhaustion. Before it continues lower it needs to correct itself.
For confirmation buy the breakout of a trading range. Targets based on structure.
Hi. I agree both with your EURUSD and NZDUSD analysis and have the same view. My question is, considering that NZDUSD has been closely correlated to EU, how do you take make the final decision here, whether to go long or short?