Since May, this year, 138.00 has played a significant role in this pair. It was support for couple of months, then resistance for a month ++, then price broke back above it, rallied to 141.XX only to sell off to 134.XX.
And now, we are back in the same area again. Wonderful!
As history shows, price can go in either direction from here and hence, I'm not going guess which direction it is going to be this time and instead I'll focus on the 2 areas marked on the chart.
And now, we are back in the same area again. Wonderful!
As history shows, price can go in either direction from here and hence, I'm not going guess which direction it is going to be this time and instead I'll focus on the 2 areas marked on the chart.