is current trading below the major trendline
. i predict that it will not close below the trendline
and price will move up 170 - 250 pips within two days (29th and 30th dec
) before the current month candle closes.
there is just simply not enough momentum for the pair to close below the trendlines
traders with sell positions take caution.
closes above the M1 trendline
as mentioned, bullish
reversal may be in place, look for action within the w1 and d1 chart.