From my perspective this pair has more downside potential as I can see from the daily chart. It is just holding around the recent resistance, showing some selling pressure. I am waiting this H4 buyer to give up or to make sure he cannot go above this high. The current move looks pretty aggressive ( H1). Let's see where this buy will go. If it keeps rising aggressively beyond and the recent high with no signs of sells - this would invalidate the idea.
Commentaire
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Daily outlook:
Transaction en cours
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Just entered. 0.7830 - initial target. Will see if we have to hold on towards daily target zone.