On the weekly chart, we have a sideways channel.
Price is approaching the horizontal resistance level at 0.7750, and slightly above that is the resistance trendline from the previous two highs.
I will not be buying this, yet I do think it will go up a bit more.
Overall, I am short on this pair, as soon as it breaks the 4h support trendline pictured above.
Price is approaching the horizontal resistance level at 0.7750, and slightly above that is the resistance trendline from the previous two highs.
I will not be buying this, yet I do think it will go up a bit more.
Overall, I am short on this pair, as soon as it breaks the 4h support trendline pictured above.