remains in overall bullish trend
on the weekly and daily. We have seen the pair go into consolidation on the 4 hours and daily chart
over this week. Yesterday we saw a formation of a bullish engulfing
candle on the daily chart
. It signaled a coming bullish
move. Today we see this is playing out. A close above 114.79 on the daily bar will confirm a continued bull ride. Bulls get ready for take off!