Weekly:
Its in downtrend but brexit took price too far too fast. Look where kijun us and res line is spike resistance based on monthly chart
Daily:
Downtrend. But price above kijun now and looking at lower time frame there is a trendline support and pair can rip higher for now.
Second reason for trade is usdollar came into resistance and reversed. I expect continuation. So, taking a long here and target around 1.3650-1.3700.
Its in downtrend but brexit took price too far too fast. Look where kijun us and res line is spike resistance based on monthly chart
Daily:
Downtrend. But price above kijun now and looking at lower time frame there is a trendline support and pair can rip higher for now.
Second reason for trade is usdollar came into resistance and reversed. I expect continuation. So, taking a long here and target around 1.3650-1.3700.
