Since the 13th of January 2021, the price has been moving with a clear side trend, bouncing up and down between the at about 1.92000 and the weekly at about 1.89100.
It is currently re-testing the strong , that rejected the price many times in the past and the next price action around that area will be essential to understand the next market movement.
The price has just broken its 200, but still moving between its S/R zones, the price is overbought and in high just around the at about 1.89100.
I'm confident to see the price getting another impulse and I'll be waiting for a clear rejection on the current level before planning the long position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,