From a technical perspective, many would assume this pair is now ready to fly to the downside after breaking the it was caught in. After analyzing the DXY , a major factor in the movement of this pair. My opinion is that we will potentially see a break back within the channel with room for more upside. My bias remains until I can see the level of 1.18000 being broken, then I will consider a buy position into the next key level of 1.19400.
What is your view on this pair?👇👇