We saw a good decline last week after the pair hitting up a major resistance zone, the price is now approaching 61.8fib ratio level, where we also see a demand zone formed up, while we still see this pair in the mid long range , while we see a bullish flag on Daily and Weekly, I still expect this pair to break the roof, and should be making new high in long term , with brexit deals by 2019.
for now there is a lot of confluence in that zone , that definitely tells us to buy this pair, and even if we see this pair dropping a little bit , thats just to take make false moves to trap everyone to sell.
Confluences:
61.8fib level
Demand zone
trendline
for now there is a lot of confluence in that zone , that definitely tells us to buy this pair, and even if we see this pair dropping a little bit , thats just to take make false moves to trap everyone to sell.
Confluences:
61.8fib level
Demand zone
trendline