I made an analysis on this pair about 2 weeks ago using the weekly chart.
Price is currently consolidating in a descending channel for the 4th wave (corrective). It bounced at the 38.2 Fibo Level of the 3rd Wave. Price might still correct to the 50% level before heading North for the breakout. Wait for proper breakout of the channel resistance to go North up to 2.54
Price is currently consolidating in a descending channel for the 4th wave (corrective). It bounced at the 38.2 Fibo Level of the 3rd Wave. Price might still correct to the 50% level before heading North for the breakout. Wait for proper breakout of the channel resistance to go North up to 2.54
