The pair has been consolidating for 3 months now creating a triangle formation and finally manage to break the triangle to the downside.
It has retraced and found resistance at 0.96450 from where sellers are pushing the price down.
I believe that more downside pressure is to come with the weakness of the dollar index.
trade safe
It has retraced and found resistance at 0.96450 from where sellers are pushing the price down.
I believe that more downside pressure is to come with the weakness of the dollar index.
trade safe
Note
targget 1 reached
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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.