So the idea is this - go long!
Simple , isn't it?
But seriously, I think this pair is heading back to its pre-2015 levels. I have already done some analysis on this pair previously, but on a Monthly chart. I recommend you to check it out on my page.
Looking at the Daily right now, it's kinda forming this flag, which can lead to more bullish activity. Also, we have the upper downward trend line, that will probably get re-tested soon. I think that it will break it easily. And if it does, then the next target to watch out for will be 1.15378, which is the recent highest point.
At the moment, this is my idea for LONG.
As always, keep an eye on the price action!
Simple , isn't it?
But seriously, I think this pair is heading back to its pre-2015 levels. I have already done some analysis on this pair previously, but on a Monthly chart. I recommend you to check it out on my page.
Looking at the Daily right now, it's kinda forming this flag, which can lead to more bullish activity. Also, we have the upper downward trend line, that will probably get re-tested soon. I think that it will break it easily. And if it does, then the next target to watch out for will be 1.15378, which is the recent highest point.
At the moment, this is my idea for LONG.
As always, keep an eye on the price action!
