Good morning folks,
A double bottom has formed on the 4h, consisting of the low from last week and a low formed during the Asian session yesterday.
Although i am bearish this pair until conditions change, unless we see a decisive break to the downside it's very possible that we could finally see the pullback to the upside that we need in order for the bearish trend to continue.
If i ever expect the bulls to make a stand at any price, it would be this critical sig fig of 1.3000.
I wouldn't be surprised if we saw consolidation and a range between 1.3000 and 1.31xx.
A double bottom has formed on the 4h, consisting of the low from last week and a low formed during the Asian session yesterday.
Although i am bearish this pair until conditions change, unless we see a decisive break to the downside it's very possible that we could finally see the pullback to the upside that we need in order for the bearish trend to continue.
If i ever expect the bulls to make a stand at any price, it would be this critical sig fig of 1.3000.
I wouldn't be surprised if we saw consolidation and a range between 1.3000 and 1.31xx.
Learn to see what's there, not what you want to see.