The steep rally in the hourly chart ended, with the break of a trendline.
The pair then rallied back and tested the broken trendline. The trendline provided a strong resistance and pair formed a lower high formation.
Now it has crossed the a strong support at 111.124 which adds to it woes and hence we expect the pair to continue the bearish momentum further.
The pair then rallied back and tested the broken trendline. The trendline provided a strong resistance and pair formed a lower high formation.
Now it has crossed the a strong support at 111.124 which adds to it woes and hence we expect the pair to continue the bearish momentum further.