I think this pair will be making moves the downside. The day chart is showing a complex head and shoulders pattern and on the one and four hour charts have been making lower lows and trying to retest resistance.
I think this pair will make moves to the downside. On the hour chart it has been trying to test resistance and has not been able to fully breakout beyond current resistance. On the 4 hour chart it has been making lower lows and again unable to breakout out of resistance. And on the day chart I have identified a "hidden treasure" which is a false breakout and...
I am also shorting this pair too because on my analysis I have identified that the month chart is showing a head and shoulders pattern and also on the week chart (or "M) either way its bearish.
This currency pair is definitely going to continue to make moves to the downside. The day chart is showing a "M" pattern and today gaped down and the month chart is showing a head and shoulders pattern which tells me that this pair is right now bearish.
