On the weekly chart, we can see that the weekly candle is a doji. This shows indecision and we might see the pair going lower this week back to 0.90 before a possible rebound back up.
Stochastics is in oversold region and the RSI shows the pair trying to recover from lows.
I am still bearish on this pair and view any up move as a retracement with 0.937 (23.6% Fib level) seen as a possible supply area.
Stochastics is in oversold region and the RSI shows the pair trying to recover from lows.
I am still bearish on this pair and view any up move as a retracement with 0.937 (23.6% Fib level) seen as a possible supply area.
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TMG Pro Tools (MT4) includes: TMG Grid Master Pro, Titan Ranger, Grid Calculator, Titan Timer and TMG Livewire Pro
TMG Pro Tools (MT4) includes: TMG Grid Master Pro, Titan Ranger, Grid Calculator, Titan Timer and TMG Livewire Pro