A consolidation pattern is forming for this pair. We're looking for confirmation to either side but we need to keep an eye for a fakeout to the downside because we're slightly bias to the upside.
BULL CASE
Price needs to hold 1.156 in other for the bull scenario to be intact. If it holds out, see you guys at 1.17
BEAR CASE
We may see farther price discovery to the downside though unlikely since macroeconomic clarity is in the air. If price is manipulated, we will buy more at 1.15.
BULL CASE
Price needs to hold 1.156 in other for the bull scenario to be intact. If it holds out, see you guys at 1.17
BEAR CASE
We may see farther price discovery to the downside though unlikely since macroeconomic clarity is in the air. If price is manipulated, we will buy more at 1.15.