There is a high likelihood for one more move up this week. The pair is forming a zigzag structure at the moment. Thus it would be a premature action to get in the market right now. As soon as the price is 1.17400, it might give us a clue whether it will go up. As of now, we are going to look only for long opportunities.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.