The fiber has created a bearish cypher in h1 chart and now it is going to have a pullback towards the 200-hour simple moving average.
Then in the larger picture we can notice a ranging trading where the price has created two false breakouts below the support line, as soon as the price reaches the 200-hour sma we should consider a possible rebound because the pressure of the buyers is increasing these days (especially yesterday).
We must wait the NFP because it can create high volatility on the pair.
Enjoy your trading!!
Then in the larger picture we can notice a ranging trading where the price has created two false breakouts below the support line, as soon as the price reaches the 200-hour sma we should consider a possible rebound because the pressure of the buyers is increasing these days (especially yesterday).
We must wait the NFP because it can create high volatility on the pair.
Enjoy your trading!!