Neutral for this pair, itching more towards a sell reason:
-Downtrend established (Lower high, lower low
-Possible Head and Shoulders patter (reversal pattern)
Taken into account that previously when price reached this level it shot back to the upside and technically we are still in consolidation previously being in an uptrend, price can go either way. We are reaching an important level to pay to see how price will react. I would put this on your watchlist.
-Downtrend established (Lower high, lower low
-Possible Head and Shoulders patter (reversal pattern)
Taken into account that previously when price reached this level it shot back to the upside and technically we are still in consolidation previously being in an uptrend, price can go either way. We are reaching an important level to pay to see how price will react. I would put this on your watchlist.