The pair is in correction and we at the decision taking level now near the up trend line, buying any breakouts of the lower degree correction top trend line to target 1.46 area once again makes sense. If we are to not get that topside break and instead break the longer term trend line to the downside it signal a much deeper correction and more downside in the coming weeks.
Note: divergence observed in 1hr and 4hr
Note: divergence observed in 1hr and 4hr