This pair has been in a long term bearish trend with multiple tests against the channel's resistance. It has previously broken out of this channel and re-tested a horizontal resistance, which we are expecting it to test again here.
The indicators have confirmed it is overbought on lower time frames, and are close to an oversold level on the higher time frames too. BDPO forex are keeping an eye on this but will wait for confirmation before making a decision.
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The indicators have confirmed it is overbought on lower time frames, and are close to an oversold level on the higher time frames too. BDPO forex are keeping an eye on this but will wait for confirmation before making a decision.
Follow for more.