Price action on this pair has been very corrective on the 1Hr timeframe as we approach a key level of 112.00.
This also correlated with the Daily timeframe as we approach the 112.00 level which has not been successfully broken for 12 months or so.
In my opinion, price could push higher before a heavy bearish movement. However if price does not push higher and we break the wedge, shorts could be valid.
This also correlated with the Daily timeframe as we approach the 112.00 level which has not been successfully broken for 12 months or so.
In my opinion, price could push higher before a heavy bearish movement. However if price does not push higher and we break the wedge, shorts could be valid.