This pair is currently undergoing a reversal over on the daily time frame. Price failed to trade down to the previous zone at 127.39.
After price traded down to 128.355, we established an upper boundary at 129.25. The bullish bar and break above this level indicates that we are expecting further upside.
Of course, this is very dependent on price holding above the 129.25 daily level.
After price traded down to 128.355, we established an upper boundary at 129.25. The bullish bar and break above this level indicates that we are expecting further upside.
Of course, this is very dependent on price holding above the 129.25 daily level.