Price have reached the top of a strong weekly range at the 0.7130 area ,i woudl say this is a critical area for this pair since it has been already 3 touches where price hasnt been able to to break and clsoe above indicazting a strong psychological level for sellers,so right now im waiting patiently for the following confirmations to go long or go short and thsoe are :
1. Reversal pattern below the mentioned area to go short
2. Daily clsoe below 0.7120 to confirm a new downdrend
3. Close above 0.7140 to go long
Lets wait and see hwo the daily closes
1. Reversal pattern below the mentioned area to go short
2. Daily clsoe below 0.7120 to confirm a new downdrend
3. Close above 0.7140 to go long
Lets wait and see hwo the daily closes