As we can see, the pair has made a reversal to move in a strong bullish move towards the previous support. Currently the pair is moving strongly towards the previous which is a good opportunity to buy. But we can await to see if it rejects of the zone to give us a good chance to sell.
Price is hitting standard resistance as well as Gann box resistance while loyally adhering to the green dotted transagonal trendline. Another indicator of a short at this point is that RSI has reached overbought zone.
Here's to Success!
Entering consolidation phase. This pair long term seems to be appreciating overtime and is beneficial to hold overnight. *Discuss in comments* Swap remains positive.
We can break lower start of the week and see it as low as 6.30s.
I would like to see next week at least 20 pips on the long side.
