We're in the corrective wave for this pair and moving towards the C leg in the Elliot wave cycle.
Price has also broken our trend line and we see a strong bearish movement on the daily timeframe.
Lastly, a Harmonic bat pattern might be forming.
All of these indicate a strong movement to the downside.
Hit like to support for more analysis!
Price has also broken our trend line and we see a strong bearish movement on the daily timeframe.
Lastly, a Harmonic bat pattern might be forming.
All of these indicate a strong movement to the downside.
Hit like to support for more analysis!