Dear Traders, This is my analysis on this Instrument; Price has been Bullish
on the Monthly Timeframe
for a long time, There is a W Pattern on the Monthly, This means we expect Price to give us a retracement back to the neckline before going for a continuation back up.
However, on the Daily Timeframe
, price is at a key level at 0.90850, I will be monitoring Price action around this level to see which directing the Market chooses before I respond.
The Monthly neckline Structure is at 0.89000.