The pair is giving bullish signals in different time frames pointing to a bigger corrective move. Price is testing 20 SMA in 4 hours charts, a break above should send the pair higher, as momentum will be crossing the 100 line. Pair needs to hold above 139.50 to keep the upside bias. Above 140.30, chances of an extension to the 140.70 zone seems likely, ahead of stronger 141.40 zone. The next key resistance lies at 143.00
These signals do not show a change in the current bearish trend in daily charts. If the pair falls below 139.30, expect a further decline to test 138.70. A consolidation below 138.70 could weaken the pair considerably.
These signals do not show a change in the current bearish trend in daily charts. If the pair falls below 139.30, expect a further decline to test 138.70. A consolidation below 138.70 could weaken the pair considerably.
