I have been in a neutral bias on this pair for the past few days however i have leaned towards bullish executions and here is why: price was rejected by the 147.800 monthly resistance and bias was short till the 147.800 area however we came shy of that area leading to being stopped out beyond Break-even at at 146.221 order block. this lead to the formation of a pennant which we broke out today and quickly pulled back to retest the TL which so happens to be in the area of my order block 146.221. should the two supports hold price i believe we will be seeing bulls take back the market to 147.800 and beyond.
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