tHIS PAIR IS DEFINITELY IN A DOWNTREND. I expect a possible fall into the optimal trading zone(OTZ) of 104.106 but before that, an expected pullback at 23.60 to the fibinotti and fall down to that zone. The reason for this statement I made it gives me lower lows in a downtrend position.
If you look at the Daily chart this pair is definitely in a downtrend.As you see it hit the previous support at 136.766 pullback to 138.236 break through the OTZ 135.615 A HAMMER IS VISIBLE FOR A POSSIBLE UPTREND BUT IT HIT AGAIN THE otz at 136.777 resistance.I expect a possible doewntrend to hit support at 130.969
There IS A SECOND BOUNCE OF RESISTANCE ON THE TRENDLINE BUT THEN SHOWS LOWER LOWS AND AS YOU SEE THREE SUPPORT HITS WE ASPECT A DOWNTREND WITH A PULLBACK TO HIT THE RESISTANCE FOR THE MARKET TO GO DOWN.