This pair is forming a series of abc (wxy) structures. Right now it seems price is developing one more ABC structure, price is bouncing from the strong resistance 195.000 More reasons:
- round level 195.00 a resistance - convergence - divergence setup - ema 200 as resistance
Best regards
*****************DISCLAMER******************************************************************** This is just and idea, not a recommendation to buy or sell. Always do your own analysis and plan before opening a trade. Any respectful and constructive ideas are welcome (agree or disagree).