From a monthly perspective this pair is still consolidating mostly upward even though it has now reached the ceiling(previous highs).
What I do expect is for the market to react(go short) from this previous high area to the previous lows, as identified in the chart above(roughly 0.91400 area). Given the string move upward last week, I do expect the market to bounce higher after retesting previous lows.
Again, this is my point of view and not investment advice. Please trade with caution
What I do expect is for the market to react(go short) from this previous high area to the previous lows, as identified in the chart above(roughly 0.91400 area). Given the string move upward last week, I do expect the market to bounce higher after retesting previous lows.
Again, this is my point of view and not investment advice. Please trade with caution