Good morning traders, we have an interesting scenario with this currency pair as it is currently on the main support level (daily chart) but we do have our own support and resistance inside it. Price has made a move towards the current minor resistance, with some hold to and forming a triangle of nearly equal highs.
3 reasons to enter:
1. The price is currently above the 200 MA
2. The price has been closing in on the current smaller resistance for some time.
3. A breakthrough is about to happen as price as been in the ACCUMULATION Level for some time
3 reasons to enter:
1. The price is currently above the 200 MA
2. The price has been closing in on the current smaller resistance for some time.
3. A breakthrough is about to happen as price as been in the ACCUMULATION Level for some time