Medium term trend: Down
Significant Levels: 0.7690 - 0.7750 (Horizontal Support), 0.8000 (Significant Round Number and Horizontal Resistance), 0.7820 (Short term significant area), .
The price is still inside the as of writing. It has previously gone down below the , but immediately went back up inside it. This indicates that there is still an indecision in the market. Though there is an indecision, we are still on this market as that is what the price chart tells us. If the price broke above the , we can probably say that a reversal of the trend is in the making. There is no price action here as of now, therefore we cannot trade this currency pair as of the moment. Actually, we got a price action (a that recently formed below the ) here. That price action contradicts our trend, but confirmed that the is still valid.