It seems that we have a triangle in play for this pair.
Break of either support or resistance will tell us where this pair is headed for the rest of the week.
If we break to the upside our first resistance is around 1.23900 and 1.24200 behind it.
On the other hand, 1.2343 needs to be cleared before further downside.
Break of either support or resistance will tell us where this pair is headed for the rest of the week.
If we break to the upside our first resistance is around 1.23900 and 1.24200 behind it.
On the other hand, 1.2343 needs to be cleared before further downside.