As per fundamental basis key events like US CPI and Retails sales data will released and assumption is it will remain below forecast.
This will bring US Dollar index to bring down.
As chart suggests pair took support around 112.20-112.30 levels just trend line support forming triangle pattern.
If this level breaks price can find support near 112.00-111.70 level.
Bullish Above 112.9
Bearish Below 112.2
This will bring US Dollar index to bring down.
As chart suggests pair took support around 112.20-112.30 levels just trend line support forming triangle pattern.
If this level breaks price can find support near 112.00-111.70 level.
Bullish Above 112.9
Bearish Below 112.2
Trade active:
As per our analysis pair move inside the triangle pattern, it perfectly took support around 112.30 and bounce back.
Now approaching the higher end of the triangle pattern where resistance found at 113.80-113.90 zone.
Now approaching the higher end of the triangle pattern where resistance found at 113.80-113.90 zone.