There is currently a small bear rally but i would not get in quite yet, Price will more than likely pullback to around 1.7 as it touches against the top of the channel.
this would be a solid 38.2% retracement of a major bearish move and would be in confluence with the major psych level at 1.7 as well as a clean pullback to the stationary 50 on the RSI.
this would be a solid 38.2% retracement of a major bearish move and would be in confluence with the major psych level at 1.7 as well as a clean pullback to the stationary 50 on the RSI.