The pair has broken the long term weekly uptrend and the 1240 support area.
We are still very bullish on this pair and expecting a rebound back to 1280 - 1300 area despite all the negative ideas that it is descending below 1200.
Strong RSI divergence shown on daily time frame which should retest 1265 and if was able to break will go straight to 1282.
We are still very bullish on this pair and expecting a rebound back to 1280 - 1300 area despite all the negative ideas that it is descending below 1200.
Strong RSI divergence shown on daily time frame which should retest 1265 and if was able to break will go straight to 1282.