The situation in this currency pair look pretty clear.
In monthly:
The price is currently moving sideways within a range. The price is currently in supply area where we can expect a rejection to the downside.
Weekly
The price has made an explosive move to the upside creating a price imbalance. We could expect a correction to balance the price.
Daily
The situation in daily is the same as weekly. We could expect a correction to the downside to cover the imbalance.
According to the technical analysis we could expect a move to the downside.
In monthly:
The price is currently moving sideways within a range. The price is currently in supply area where we can expect a rejection to the downside.
Weekly
The price has made an explosive move to the upside creating a price imbalance. We could expect a correction to balance the price.
Daily
The situation in daily is the same as weekly. We could expect a correction to the downside to cover the imbalance.
According to the technical analysis we could expect a move to the downside.
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