we have a major trendline from 2016 that has continuously been respected, price broke above of February this year and re-tested before trading higher than the trendline, price tested the trendline in November again and couldn't break through, pushed higher to test 1.25000 level before collapsing to 1.22000, and came back into the trendline, testing the trendline and a demand zone at 1.22900. And a clear as day support down at 1.17000 where i can see price going.
This is my thoughts on where we could see this pair go to in the near future.
This is my thoughts on where we could see this pair go to in the near future.