The low end of a channel is tested today between rought 1.45 and 1.80. The Bollinger Bands seem to be widening again while the RSI is at lower levels; possibly signs of a better move to come. If market can hold out above 1.45 today a run at 1.80 could be seen again. If not a 1.30 test should be next.
In a wider view, this market is still suffering from bearish momentum and only a break above the wider downtrendline, currently around 1.78 can see some more upward potential.
In a wider view, this market is still suffering from bearish momentum and only a break above the wider downtrendline, currently around 1.78 can see some more upward potential.