This pair has been in a downtrend since last month, however recently it broke the upper-boundary on 2015-07-27.
Now after about 9 days of Bull control, its time for a reversal and for the bears to be in charge.
After yesterday's FOMC, the feds did not mention anything new and only indicated a hike is around the corner, with that being said EU still declined which gives me more confidence of this reversal's strength.
As shown the pair seems to have already reversed and is headed to the 0.745 area in the opinion.
Good Luck!
Now after about 9 days of Bull control, its time for a reversal and for the bears to be in charge.
After yesterday's FOMC, the feds did not mention anything new and only indicated a hike is around the corner, with that being said EU still declined which gives me more confidence of this reversal's strength.
As shown the pair seems to have already reversed and is headed to the 0.745 area in the opinion.
Good Luck!