After opening with a gap at the beginning of the trading week, the pair returned to the upper Bollinger band. At the moment we are seeing that the price is in the range of 1.3140-1.3240.
The price is now at the middle of the Bolinger Canal and is trying to move to the bottom. We believe that in the case of a transition, the pair will continue its downward movement. Otherwise, the pair will go to the upper border of the current range. Therefore, we advise you to wait for a breakthrough or a release from the middle of the channel and then take positions based on the position in the market.
The price is now at the middle of the Bolinger Canal and is trying to move to the bottom. We believe that in the case of a transition, the pair will continue its downward movement. Otherwise, the pair will go to the upper border of the current range. Therefore, we advise you to wait for a breakthrough or a release from the middle of the channel and then take positions based on the position in the market.