There has been some interesting price movement with this pair, especially due to its correlation to DXY. As a haven, these currencies have been depreciating just as BTCUSD has been on the rise. They are substituting societal need and thus power, which is seen here.
Price has come down to a golden zone(61.8-50%), signifying the need for patience as market direction is confirmed. A keen follow-up on DXY can help give insight to potential action.
Price has come down to a golden zone(61.8-50%), signifying the need for patience as market direction is confirmed. A keen follow-up on DXY can help give insight to potential action.