Current downtrend, but price looks to be setting up for a BUY...
Overall this pair is in a current downtrend, however price seems to be hitting resistance at the 1.29000 price area.
Looks like another drop may occur, if you are looking for a BUY, wait for price to drop around the 1.29160 price zone
If price rebounds long aggressively, then enter in on a pullback and ride it to the 1.31165 price zone (and wait for confirmation of price continuation)
Looks like another drop may occur, if you are looking for a BUY, wait for price to drop around the 1.29160 price zone
If price rebounds long aggressively, then enter in on a pullback and ride it to the 1.31165 price zone (and wait for confirmation of price continuation)
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Disclaimer
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.