A downward channel is very evident on this chart, constantly creating Lower highs and lower lows. At this point, we have been ranging in price @ 1.70250 and 1.71500. Looking for a breakout and a retest on the 1.71500 to the upside for possibly a 120 pip move on this pair.Worse case scenario, the breakout can happen towards the downside, in that case we can look for possible sells to 1.6800.
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.