There is a longer term downtrend in place on the daily chart of this pair that price is now trying to continue on with.
If we look at the short term we can see a move with momentum back higher that makes it important you make trades with your time frame in mind.
Price is now sitting around an interesting point because as you can see on the 4 hour chart it is around the recent resistance and now support level.
If this gives way we could see price quickly move lower into the next support around 1.3196.
If we look at the short term we can see a move with momentum back higher that makes it important you make trades with your time frame in mind.
Price is now sitting around an interesting point because as you can see on the 4 hour chart it is around the recent resistance and now support level.
If this gives way we could see price quickly move lower into the next support around 1.3196.
