No clear direction yet.
HH's and HL's so I'd take a Bullish Bias.
However we've been consolidating for a while.
There's a potential AB=CB forming. Also a triangle. Showing significant resistance at Monthly Key Level and .5 fib. With a few Minor spikes to .618.
1.56450 seems to be holding!
If we close below ascending inner trend-line (Triangle up-move), I'll expect support at OTL, if we break violate this trend-line with a clean break to downside I would assume bears have this pair under wraps!!!
Ultimately i see a descending channel as-well, which is in confluence with descending triangle, target .618 at 1.51000
Monthly TF shows a hanging man, and Weekly TF shows a lil bullish movement so i'll be sitting on my hands until i see this pattern unfold!
I hope to see MA's confirm my short term Short bias if we brake triangle!
HH's and HL's so I'd take a Bullish Bias.
However we've been consolidating for a while.
There's a potential AB=CB forming. Also a triangle. Showing significant resistance at Monthly Key Level and .5 fib. With a few Minor spikes to .618.
1.56450 seems to be holding!
If we close below ascending inner trend-line (Triangle up-move), I'll expect support at OTL, if we break violate this trend-line with a clean break to downside I would assume bears have this pair under wraps!!!
Ultimately i see a descending channel as-well, which is in confluence with descending triangle, target .618 at 1.51000
Monthly TF shows a hanging man, and Weekly TF shows a lil bullish movement so i'll be sitting on my hands until i see this pattern unfold!
I hope to see MA's confirm my short term Short bias if we brake triangle!