The pair is still in no man's land and my view is still the same as a few days ago with no break either way , yet.
I am taking the wait and see approach at this stage.
Technically is looks like a short but there might be more upside if I look at the shorter time frames that seems to be forming a bulle flag but the daily candles is not looking pretty from a bullish point of view
I will trade the break that occurs first but i am favouring a short at this stage especially if the price action is weak at 1.13 should it reach the level
I am taking the wait and see approach at this stage.
Technically is looks like a short but there might be more upside if I look at the shorter time frames that seems to be forming a bulle flag but the daily candles is not looking pretty from a bullish point of view
I will trade the break that occurs first but i am favouring a short at this stage especially if the price action is weak at 1.13 should it reach the level