The pair had moved in an ascending price channel from March 2023 until May 2023, after which it entered the disrtribution area, then from it to a strong descending channel until June 2023, to enter once again the consolidation area that starts at 1.0635 and ends at 1.0790, and thus we have 2 scenarios, whether it is breached The consolidation area is higher or returned again to return at 1.0730, and also confirms for us the basic trend in closing above the 200 average index or below it
Trade attivo:
The pair is now moving in the direction that was predicted and analyzed ,The pair is now moving above the consolidation area that ranges between 1.0780 and 1.0790, and if the four-hour candle closes in this area, it will complete the upward trend once again, reaching 1.0830 , The next support area stands at 1.0760, followed by 1.0740. On the 4-hour chart, the bias is clearly to the upside; however, technical indicators offer mixed signals at the moment.
Trade attivo:
Now First Target was achieved 30 Pips