Last week this pair showed a lot of buyers strength and broke the major downtrend that started back in January 2018 after a major bounce of a double bottom pattern at the .705 price handle.
I see price moving up further to test the 100% retracement with some selling coming in play down to test the 618 retrace before bouncing up to the 1.272 extension with major structure confluence at the .736 price level.
This could be a major trend change for the coming months.
I see price moving up further to test the 100% retracement with some selling coming in play down to test the 618 retrace before bouncing up to the 1.272 extension with major structure confluence at the .736 price level.
This could be a major trend change for the coming months.