Price is currently at the lows created in late 2016 and can expect some reaction to this level. I'm expecting a pullback before continuing down past the lows, creating new lows. If price can break above the 50-period EMA, we can expect a reversal of some sort, at least short-term.
I'm not looking to enter on this pair, if I do it would be in the current zone aiming for a move to the moving averages.
I'm not looking to enter on this pair, if I do it would be in the current zone aiming for a move to the moving averages.