In our previous analysis for this pair, we correctly anticipated a new top and the bearish move that followed.
For this week, we incline towards a bearish move that will test the support area highlighted on the chart. There is a chance that this move might happen after we break the top one more time. However, our focus will be on the sell setups.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we incline towards a bearish move that will test the support area highlighted on the chart. There is a chance that this move might happen after we break the top one more time. However, our focus will be on the sell setups.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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