The pair has reached a very interesting area where it bounced on Friday from a long term trend line as well as the MA200 on Daily. Both RSI and MACD confirm that the pair could recover but it could be capped by a downtrend trendline happening since the end of May.
We see two scenarios:
1- The pair reacts to the trendline and drops to find support again before breaking it
2- The pair goes through the trendline and then it becomes support
Trade safe!
We see two scenarios:
1- The pair reacts to the trendline and drops to find support again before breaking it
2- The pair goes through the trendline and then it becomes support
Trade safe!
Comment:
The pair skyrocketed over the weekend providing no trading opportunity :(