Bulls are in control in this pair, being rising since the end of the last bearish movement (23rd of september), I strongly believe that the hard rejection of the low of the 2nd of november is the lowest this pair will know in the next days.
Breaking the first resistance(1.32579) is the greatest challenge on the way up.
Going long now is not the ideal entry because you might suffer with a considerable drawdown.
I expect a little correction to the downside and then I will look for a long position for the long term.
Breaking the first resistance(1.32579) is the greatest challenge on the way up.
Going long now is not the ideal entry because you might suffer with a considerable drawdown.
I expect a little correction to the downside and then I will look for a long position for the long term.