On daily chart, since January, it seems this pair is going sideway. The green box is showing it clearly.
On hourly, you can see that is going down trend and potentially will double down on 0.85300. It seems that is losing its momentum. But, if it breaks through there are two supports of 0.85040 and a stronger psychological Support 0.85000 which it has attempted to break it twice and it failed.
I will wait little bit longer and see what happen.
If for some reason, it bounce back up and break through 0.85750 and confirmed, then I will go Bullish until 0.86450, potentially.
**** This post is for educational only and it's not suggesting any investment or trading advice. ****
On hourly, you can see that is going down trend and potentially will double down on 0.85300. It seems that is losing its momentum. But, if it breaks through there are two supports of 0.85040 and a stronger psychological Support 0.85000 which it has attempted to break it twice and it failed.
I will wait little bit longer and see what happen.
If for some reason, it bounce back up and break through 0.85750 and confirmed, then I will go Bullish until 0.86450, potentially.
**** This post is for educational only and it's not suggesting any investment or trading advice. ****