My bias for this pair is currently short, price looks to be slowing down after breaking out of an ascending uptrend support level, once it broke that level it formed a ranging market but with very small candles in the market H1 chart. Friday was not a very good day for trading anyway as the movement in the market was very minimal due to bank holidays over in the US, so next weeks open should bring back a lot more movement for us to eat off of! But this is what I am looking at for this pair to do, although I have been studying this pair and where the red resistance zone is, is a higher time frame liquidity zone and I also believe price may reach that level one more time before dropping off to a previous low... but only time will tell with that one.
Remember this is just my thoughts and out look on the current market and whatever I post is never set stone!
Thanks again, trade safe
Remember this is just my thoughts and out look on the current market and whatever I post is never set stone!
Thanks again, trade safe