So this is looking interesting now. The steep trend might be meeting its resistance. Depending on how this week will close, and if it will form a Doji on the Weekly, then there is potential to break the steep trend line to the downside. But better watch the levels, as this pair could take a lot of Stops out.
I am going go ahead and make a call here and say that we could see some selling tomorrow or next week. This is based on the length and steepness of the upward trend.
I could be wrong, but, hey, we're all gambling here, right?
Be careful and keep an eye on the price action!
Comments
DariusAnucauskas
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Finally!!!
andmk2
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Agreed. It's miles away from its 20 and 50 moving averages and must be due a pullback soon.
It's all in the timing, so good luck.
Let's see what happens. I've got a couple of SELL positions on it from today. But if it will start moving even more to the upside, then I will have to get rid of them. But hopefully, I won't need to.
IberiaTrading_mentoring
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Have a position open since last week sell lol .
DariusAnucauskas
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@Creamygem, I still think it might hit 0.73 . But after that we'll have to observe it carefully. Then I am leaning towards the downside. But let's wait and see.