• In the second have of 2017 the pair seemed to be trading in a range with the lower bound at 1.4468 and the upper bound at 1.5239.
  • A break above the upper limit in January 2018 led to a bullish rally in the pair as highlighted by the channel.

  • The 2018 high is at 1.61215 and the 2018 low is at 1.48153
  • It is highly unlikely that we are going to see a reversal of the bullish trend in the coming month
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