The pair traded in a weak note during its prior week and is in the verge of concluding its upside rally. Prices have already reached 100% fibo extension of its prior swing and are consolidating within 1.6150 to 1.5760 since past 2 weeks. Going ahead, prices are likely to consolidate within 1.6210 to 1.5830 ahead of turning down sharply in the coming weeks.
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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.