This pair has been trending up and on the higher time frame, there is still clean range to the upside for this pair to move and fill. With the evidence of a bullish pennant, i believe this pair to be pushing up further more to fill the range marked by the green lines. I also believe that according to the COT data, this week, the short move involving the CHF has happened already and the commercials have geared up for price to move up. (my opinion). We shall just have to wait for the report today to confirm that. Until then, it appears bullish.
What are your thoughts on this pair? Please leave a comment.
What are your thoughts on this pair? Please leave a comment.