Momentum and trend is sideways.
On the Daily Time frame
- Moving averages sideways
- Upperside of range is 1.6558 and bottom side of range is 1.6111
- Centre line at 1.6340
- MACD is above zero line but in red. Slight downside pressure.
On the H4 chart
- Price within a triangle.
- Currently looking to test the upper side of the triangle. Possible upside at...
A potential long at the 1.5430 zone.
We can see support at this level when we look at the left side of the chart.
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