Market has a strong daily momentum break of the 0.6885 resistance level. then it stall for 4 days. this could be due to position accumulation.
Any movement from this point (either bullish or bearish) will be quite big.
My bias on this pair is bullish another retest and rejection of the 0.6885 daily support will present a nice long opportunity with a great risk to reward ratio. If not a break of structure from lower T.F will be a good reason for long.
Any movement from this point (either bullish or bearish) will be quite big.
My bias on this pair is bullish another retest and rejection of the 0.6885 daily support will present a nice long opportunity with a great risk to reward ratio. If not a break of structure from lower T.F will be a good reason for long.