The pair has had a really great up run in the past few days. With yesterday's action bringing a slight relief to the run with a good bear candle, the bulls have again taken control of the pair...
After a nice little pull back, there has been a gradual change of hands from bears to bulls which is evident in the price action. The first being the first pin bar formation which came in a couple of pips above the previous support pushing the pair up suggesting that buyers are ready to take control of the pair.
Further, as the price action progressed through the day, bulls have come in again buying the pair off of the 20EMA which again resulted in a bullish pin bar.
With nothing much historically holding the pair down, it seems like a good buy on the pair with targets falling around .87000 region where we see the next major resistance.
After a nice little pull back, there has been a gradual change of hands from bears to bulls which is evident in the price action. The first being the first pin bar formation which came in a couple of pips above the previous support pushing the pair up suggesting that buyers are ready to take control of the pair.
Further, as the price action progressed through the day, bulls have come in again buying the pair off of the 20EMA which again resulted in a bullish pin bar.
With nothing much historically holding the pair down, it seems like a good buy on the pair with targets falling around .87000 region where we see the next major resistance.