Like the beginning of last year the pair is in consolidation, last year the pair was in consolidation during the first six months of the year, this year seems likely that the same action is repeated for the price.
On the daily chart we see a consolidation triangle and strong support at 115.50-116 area with the low line of the triangle and the SMA 200 is days.The pair holds a slight corrective bias so the more likely it is to see torque in the lower area of the triangle during the beginning of Fe…
On the daily chart we see a consolidation triangle and strong support at 115.50-116 area with the low line of the triangle and the SMA 200 is days.The pair holds a slight corrective bias so the more likely it is to see torque in the lower area of the triangle during the beginning of Fe…