Pair’s re-entry into falling channel on the daily chart coupled with a bearish RSI and money flow index suggests it is just a matter of time before 50-DMA support is breached for a test of 200-DMA support at 1.11.
Given the retreat from the recent high of 1.1360 has been pretty slow, a corrective pull move, if any, is unlikely to breach channel resistance seen at 1.1190.
Given the retreat from the recent high of 1.1360 has been pretty slow, a corrective pull move, if any, is unlikely to breach channel resistance seen at 1.1190.
