After a strong downtrend seems that the pair has found a floor where you can establish a consolidation.
I think during the month of February we could have a consolidation in the pair, in the daily chart we see that the area of 1.49-1.50 has been a good support area and most likely the pair remains on this area during the February.
On the weekly chart we see the first bullish candle for six weeks, which informs us that the pair has found an area where consolidated before continuing the downtrend.
I think during the month of February we could have a consolidation in the pair, in the daily chart we see that the area of 1.49-1.50 has been a good support area and most likely the pair remains on this area during the February.
On the weekly chart we see the first bullish candle for six weeks, which informs us that the pair has found an area where consolidated before continuing the downtrend.