After FED comments and USD losing ground against most pairs, it all points to a continuation of this recovery to 1.19 area.
On the long run I'm still BEARISH on this pair, but if you trade by steps it will most likely keep going up to 1.19.
Bears need to retest 1.1704 again but it looks unlikely with current market mood.
Possible bullish inverted HS pattern could be ongoing but for that we would need to retest 1.1704.
Consider all these factors and decide wisely. Cheers
On the long run I'm still BEARISH on this pair, but if you trade by steps it will most likely keep going up to 1.19.
Bears need to retest 1.1704 again but it looks unlikely with current market mood.
Possible bullish inverted HS pattern could be ongoing but for that we would need to retest 1.1704.
Consider all these factors and decide wisely. Cheers
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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.