With our last trade hitting profits, I expect the pair to be more bearish as the USD gets weaker. The pair seems to be forming a rising wedge on a previous consolidation range which I have marked. I checked the FIB retracement for the last big bull run and the pair is yet to hit the 61 mark which is almost same as a previous daily support line as marked in the graph. I expect the price to reach this level.
** I'm a newbie trader who welcome all comments and feedback on my analysis. Thank you in advance.
** I'm a newbie trader who welcome all comments and feedback on my analysis. Thank you in advance.
Trade closed: target reached:
kaching $$