The pair is getting closer to that beautiful round 0.80 level. It almost hit that last week, but still there wasn't enough power in it. It may seem that there is a good chance to hit it this week.
If it's the downside that we are looking, then the re-test of last week's lows could indicate that this pair is tired and needs a bit of fresh selling-off.
As always, keep an eye on the price action.
If it's the downside that we are looking, then the re-test of last week's lows could indicate that this pair is tired and needs a bit of fresh selling-off.
As always, keep an eye on the price action.