On intraday chart the trend is still bearish, but the pair has reached the first wave (5) target, and having said that, we can not rule out a technical rebound that could take the form of corrective structure (ABC), but area around 6.950/7.250 should be considered a SELL OPPORTUNITY from the market. From the technical point of view, the scalpers could also try to take long (speculative) position, but first of all, a bullish impulse that will develop wave (A), should appear....and now trade your plan!!
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Thank you for support and trade with care!
If you think this analysis can be useful, leave a your comment or your LIKE!
Thank you for support and trade with care!
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We are continuing to follow the pair on intraday charts, and even if our idea is not yet active (the pair has not formed wave A), we monitor the support area around 6,200/6,150 in the next hours ...Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.