I've been watching this pair for quite some time now, the monthly trend line has been broken to the down side, currently the price of the market is bouncing off from some previous monthly lows. Right now, I expect the price to either go and retest the previous monthly broken trend line to either respect it and continue falling down or break it and continue going up.
As at the time of this writing, I am currently watching the 4H TF where I identified a down trend channel. So this implies that it the price respect the 4H down trend channel then it will continue to go down.
Note: you can also look at GBPAUD since both pair are correlated.
Sentimentally, I am BULLISH on this pair.
As at the time of this writing, I am currently watching the 4H TF where I identified a down trend channel. So this implies that it the price respect the 4H down trend channel then it will continue to go down.
Note: you can also look at GBPAUD since both pair are correlated.
Sentimentally, I am BULLISH on this pair.