Hi Guys,
I'm sure most of you are unfamiliar with this pair, however, this pair has some good price movement at play that could provide nice trading opportunities. We just had a bit of a sell-off for the past weeks as prices entered a strong weekly/monthly supply zone.
This sell-off brings the price to a key daily demand zone of which the price is meant to cool...
Pattern: Channel Down with a long-term bullish Channel.
Signal: Bearish as the MACD is on a negative cross.
Target: 1.5500 (short-term) and the 1D MA200 (long-term).
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