I do not think it closed the gap @ 0.71 yet.
It as well may - and should - test resistance (descending channel from May 2019) at the same level of 0.71.
So I think these two events will happen this week.
And then... It did try to break through this channel 4 times already. Will this 5th time be successful and we will see it go back to 0.90-1.00 and then up to 4.00 or will we see lower lows?
Mind the fundamentals and news.
It as well may - and should - test resistance (descending channel from May 2019) at the same level of 0.71.
So I think these two events will happen this week.
And then... It did try to break through this channel 4 times already. Will this 5th time be successful and we will see it go back to 0.90-1.00 and then up to 4.00 or will we see lower lows?
Mind the fundamentals and news.