MichaelThiza

MichaelThiza

The instrument reached significant levels of support over the past few weeks and now it has started gaining the upward movement/

MichaelThiza

Looking at the trend on daily it is clear that the pair is currently on a pullback from an uptrend. After a few days it seems it will start to continue upwards on the uptrend.

MichaelThiza

Inverted head and shoulders pattern formed.

MichaelThiza

Breakout and retest has occurred.

MichaelThiza

I expect the news to take it up to 87.057 level then it will start to drop and hopefully have a strong downward movement until it reaches the red trendline.

MichaelThiza

Rising wedge observed on 4HRS and 1HR. Expecting it to loose upward momentum anytime soon for a sell entry.

MichaelThiza

Its a good week to make money. It seems USD has started looking strength

MichaelThiza

Its a good month to make money.

MichaelThiza

We can see that the fibonacci levels agree to the pair and that in the long term we are expecting it to start losing strength. Y