This pair is in a very similar position to last week. We are in a retracement on the weekly timeframe after a huge fall off. Price is looking to reach the 154.000 level which is a previous HL point.
On the h4 timeframe we can see that we just formed a HL point so price will most likely continue to be bullish until we reach the resistance level at 154.000.
Please refrain from taking longs endless they are on higher low points.
On the h4 timeframe we can see that we just formed a HL point so price will most likely continue to be bullish until we reach the resistance level at 154.000.
Please refrain from taking longs endless they are on higher low points.