Obviously due to the whole Greece thing, this pair has caused alot of confusion for alot of ppl. I maintained my short bias for this pair because of those 2 yellow boxes.
The upper yellow box represents price failing to make or even test the high it set few months prior which is highlighted by the red box. And price finnaly cracking the upward trend-line within the channel which is highlighted by the bottom yellow box.
B/c of these resaons I am anticipating further selling pressure to FINNALy be realized on this pair on the DAILY level with a expected price target of around 1.0550
The upper yellow box represents price failing to make or even test the high it set few months prior which is highlighted by the red box. And price finnaly cracking the upward trend-line within the channel which is highlighted by the bottom yellow box.
B/c of these resaons I am anticipating further selling pressure to FINNALy be realized on this pair on the DAILY level with a expected price target of around 1.0550