The 1.03000 level holds the key for this pair to reverse or continue trending northwards. As the price will likely approach the crucial 1.03000 level which has been respected on many on occasions, it is favorable for many traders to take advantage of this situation and possibly reap huge profits target with minimum stop loss. However keep in mind the certain channels and trendlines present should all be broken for added confluence.
It remains to be seen in the coming weeks how this pair behaves but we will surely see some big moves happening once that crucial resistance is hit.
It remains to be seen in the coming weeks how this pair behaves but we will surely see some big moves happening once that crucial resistance is hit.
