On the chart, we see a corrective movement of the pair from the support level near the level of 1.1300. The pair has been falling for two weeks and we believe that the medium-term downtrend will be extended.
Now the pair is wedged between the levels of 1.13 and 1.1345 and goes to the top marks. We suppose that after testing this level, the price will go down again and after breaking through the level of 1.13 our next target will be 1.1215. Therefore, we advise you to take short positions in the pair and build on the above levels.
Now the pair is wedged between the levels of 1.13 and 1.1345 and goes to the top marks. We suppose that after testing this level, the price will go down again and after breaking through the level of 1.13 our next target will be 1.1215. Therefore, we advise you to take short positions in the pair and build on the above levels.