The pair is on an ascending trend channel, right now is on the top of the channel, and has just bounce from the PRZ (Blue Zone) and a .50 FIB level, and the Stochastic show us a divergence, giving us some signals that the price has no more strenght to keep rising. So at this moment i would like to see a Daily close below 1.8720 price zone to go bear untill the bottom of the channel (1.7780)
For the full analysis and information, click in the link below
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.