I am little confused about this pair.
The pair cleared the last high on higher TM. On lower TM went back up and couldn't make new higher high. The price bounced back down, making a divergence on RSI., These are signs that the pair is going to melt.
On the other side April just finished with big bullish candle on Up trend and the price didn't reach the major resistance. The fundamentals support the bullish move too.
On May the price could go a bit down and then continue the bullish move.
My bias is bullish and until 97.000 level is broken will be bullish.
I will wait for more confirmations.
The pair cleared the last high on higher TM. On lower TM went back up and couldn't make new higher high. The price bounced back down, making a divergence on RSI., These are signs that the pair is going to melt.
On the other side April just finished with big bullish candle on Up trend and the price didn't reach the major resistance. The fundamentals support the bullish move too.
On May the price could go a bit down and then continue the bullish move.
My bias is bullish and until 97.000 level is broken will be bullish.
I will wait for more confirmations.
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Disclaimer
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.