The pair is trading along the @previous low (1.30394) and bullish divergence is confirmed on the 4h hour chart.
However this week is a news heavy week and technical should be traded with caution.
In saying that i anticipate a midweek reversal for the upside as the pair still has momentum for a last wave of bearish movement before the real upward trend.
Entry : 1.29746
S/L: 1.29259
TP 1: 1.30736 (@ EMA,50)
TP 2: 1.30932(@PH)
However this week is a news heavy week and technical should be traded with caution.
In saying that i anticipate a midweek reversal for the upside as the pair still has momentum for a last wave of bearish movement before the real upward trend.
Entry : 1.29746
S/L: 1.29259
TP 1: 1.30736 (@ EMA,50)
TP 2: 1.30932(@PH)