We saw the pair nose-diving after positive NFP last week and stronger Dollar. Is this pair at crucial level for the imminent fall to near 1000 level or bounce at 1180 price to complete a triple bottom (as defined by orange horizontal line)?
Charts say it all that trend maybe truly and still bearish but 1180 is a solid support - so waiting to hold or break. RSI on tfs' are on oversold area except for monthly which in humble my opinion has some more room for a downturn.
IMO, better wait for confirmation of true direction.
Charts say it all that trend maybe truly and still bearish but 1180 is a solid support - so waiting to hold or break. RSI on tfs' are on oversold area except for monthly which in humble my opinion has some more room for a downturn.
IMO, better wait for confirmation of true direction.