Bearish Now
On the weekly time frame, As seen in the chart , 1.649 is a good sell entry zone, as it has seen a good rally from its local bottom at 1.6147, hence, the likelihood of getting a reversal at this point is strong, and should be strongly considered.
However, we only see it rally after a correction to 1.6147 zone or 1.6366, either way, there is bound to a correction at current zone if my analysis is right.
However, we only see it rally after a correction to 1.6147 zone or 1.6366, either way, there is bound to a correction at current zone if my analysis is right.
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