I still share the same view from last analysis of this pair.
The pair is still holding inside the bullish trendline in D1.
However, in H4, it has breached downwards and it is currently approaching a possible retest of this trendline exactly in the "magnet" zone level specified in the previous analysis. This "magnet" zone is formed by the fibonacci retracement from D1 and H4.
This view is supported by the stochastic positivity, as well as the divergence formed in stochastic.
In the long run, however, I would bet on a bearish retracement towards the 1.21 levels.
The pair is still holding inside the bullish trendline in D1.
However, in H4, it has breached downwards and it is currently approaching a possible retest of this trendline exactly in the "magnet" zone level specified in the previous analysis. This "magnet" zone is formed by the fibonacci retracement from D1 and H4.
This view is supported by the stochastic positivity, as well as the divergence formed in stochastic.
In the long run, however, I would bet on a bearish retracement towards the 1.21 levels.
Comment:
Target hit at 1.2305.
Next target at 1.22860 (support 1)
Next target at 1.22860 (support 1)
Pullback to lower areas is expected.
targets at 1.2305 daily pivot
1.22860 support 1