Inverted bullish hammer formation on the daily chart following Friday’s big red candle suggests the bears may have run out steam.
Thus the probability of a corrective move higher to 1.31 cannot be ruled out as long as the pair stays above the previous day low of 1.2994.
Thus the probability of a corrective move higher to 1.31 cannot be ruled out as long as the pair stays above the previous day low of 1.2994.
