My analysis.. So we can see in the past few weeks this pair has been volatile, bouncing in and out daily trend support/resistance. This makes me a little nervous trading this pair so I am going to be even more cautious. This pair has been in a uptrend since September 2019.
Currently, this pair is low on rsi indicator, but not oversold per say even though there has been a break in support. This indicates to me more of a fall. We can expect some sort of correction of some sort, and if its strong enough to bounce off support & retest trend support, then we can look for a long entry. If support does not hold then we are looking for short entry. SIMPLE but next week is moment of truth..
Currently, this pair is low on rsi indicator, but not oversold per say even though there has been a break in support. This indicates to me more of a fall. We can expect some sort of correction of some sort, and if its strong enough to bounce off support & retest trend support, then we can look for a long entry. If support does not hold then we are looking for short entry. SIMPLE but next week is moment of truth..