On the back of some Dollar strength we can see a clear break of structure on the 4H timeframe forming lower highs and lower lows.
I'm still bullish on this pair as the current larger trend remains to the upside, however I do expect a pull back to the highlighted area before a resumption.
This is a key area as it was the 2017 swing high and has not been revisited since breaking above the beginning of last month.
I'm still bullish on this pair as the current larger trend remains to the upside, however I do expect a pull back to the highlighted area before a resumption.
This is a key area as it was the 2017 swing high and has not been revisited since breaking above the beginning of last month.