pair has been on the down side for a while now due to interest rate cut and the BREXIT agenda. But there is likely to be a rebound to the up aside as the downward move is exhausted followed by a period of consolidation. On the daily RSI
the pair is clearly on an oversold condition and has made a new low for the year. Being in a demand zone
, we shall be expecting a move to the upside for a 220 plus pips opportunity.