the pair yet in a small range battling around the 50 and 200 EMA's in the 4H chart. however, it has shown a good amount of a resistance above the 200 EMA at 1.2450 which is also a minor support area.
I think the market still needs to break 1.2600 level to clear this bullish movement, nevertheless, with the selling action around 1.2600 handles is still on, the pair might face a bit of sideways range. a break below 1.2420 may take this market lower to 1.2340
I think the market still needs to break 1.2600 level to clear this bullish movement, nevertheless, with the selling action around 1.2600 handles is still on, the pair might face a bit of sideways range. a break below 1.2420 may take this market lower to 1.2340