DislikedTrue you have a point their, according to technicals it is bearish, but don't you think by the looks of the past couple of months it will go up back around 1.49ish it has tested the support area of 100EMA twice, and this being the third time. It seems like it may go back up. Do you think this will be an important factor???Ignored
It definately will go up..
But at the current moment i favor fall in this Pair.. Due to USD Strenght, and looking fundamentally We would see problems in coming days in Europe, Where banks will posts losses due to SUBPRIME, and so forth.
At the moment pair is building to touch the base and i see it not to Push up until the next FED Meeting..
We shall see how this develops.