Bullish hammer from pennant support (marked by circle) when viewed in light of repeated failure to sustain below 1.44 handle despite weak economic data last week indicates the pair could finally see a bullish break from pennant formation.
In such a case, prices may spike to 1.4470-1.45 handle.
On the lower side, an hourly close below 1.44 could signal a more sustained weakness ahead.
In such a case, prices may spike to 1.4470-1.45 handle.
On the lower side, an hourly close below 1.44 could signal a more sustained weakness ahead.
