The bullish trend line is still intact indicating a bullish continuation. However, last week activity is less volatile compared to previous weeks which suggests that the momentum weakening. One thing to note is that the last candle formed last Friday shows that the bulls won the day that exhibits a long wick.
A possible retest of the recent high at 0.8852 is likely to happen but a break on the downtrend line will likely to retest 0.8655.
A possible retest of the recent high at 0.8852 is likely to happen but a break on the downtrend line will likely to retest 0.8655.
