MARKET ANALYSIS: The pair has been trading inside a wedge pattern for a long time. Now it has broken the wedge in the H4 time frame. There is a major support zone if the support zone is broken and once we retest the broken support we can enter a short position for a long term sell trend. If the Resistance is broken trade is invalid. So lets wait and see what the market does in the coming weeks. Cheers!
Trade closed: target reached:
