On our 30 minutes chart we have a falling wedge, with 1.18 acting as our bearish support.

The 4 hour chart has a bullish trendline and a bullish channel adding a general bullish sentiment on the pair.

The H4 Trendline, Channel Lower limit and the wedge's lower trendline are set to intersect at 09/09/2020 08:00. It will be interesting to see how this one plays out.

VP

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.