The pair has been overbought for the past month, there is an M formation on the daily & 4hr timeframe,
a break below the 0.6870 area could open the doors for 0.68,
a bounce on the 0.6870 could mean a further upward trend for the pair which is outweighed by the major resistance around 0.6920.
News on Wednesday may boost the pair to retest the 0.6920 pair. Our focus will be the break below the 0.6870 or above the 0.6920
a break below the 0.6870 area could open the doors for 0.68,
a bounce on the 0.6870 could mean a further upward trend for the pair which is outweighed by the major resistance around 0.6920.
News on Wednesday may boost the pair to retest the 0.6920 pair. Our focus will be the break below the 0.6870 or above the 0.6920