The pair is way overdone, albeit controlled managed float.
Looking at the GANN fan we can observe we are nearing the top 17.65 (sometimes overshoots) and also we see the FALSE BULL FLAG pattern, that has a flag support 14.68 and objective wise 11.80 GANN 1/1 support.
Judging the whole chart and the RSI is very overdone, and I mean very very very overdone. This suggests caution on being LONG.
I see that we may test little higher though 18.00 above, but overall expect a move back to 12.00 at a minimum based on the GANN support mentioned. So strategy is SELL @ 17.30-18.30 (its medium term so we pick levels) and take profit 12.25 for now.
Looking at the GANN fan we can observe we are nearing the top 17.65 (sometimes overshoots) and also we see the FALSE BULL FLAG pattern, that has a flag support 14.68 and objective wise 11.80 GANN 1/1 support.
Judging the whole chart and the RSI is very overdone, and I mean very very very overdone. This suggests caution on being LONG.
I see that we may test little higher though 18.00 above, but overall expect a move back to 12.00 at a minimum based on the GANN support mentioned. So strategy is SELL @ 17.30-18.30 (its medium term so we pick levels) and take profit 12.25 for now.