Price has been to this same exact area at least 5 times since the middle of this month. This is a strong support area as well as previous resistance area. Each time here price bounces off, and is currently retesting a bullish trend line. Price continues to close a little bit higher each time it reaches this zone, and trend line.
I am looking for bullish moves only as I continue to monitor this pair which the daily chart does support. If price does break this zone, I'd look for it to go down to around the 152 area.
I am looking for bullish moves only as I continue to monitor this pair which the daily chart does support. If price does break this zone, I'd look for it to go down to around the 152 area.