The pair has one more resistance level - the 50 day MA - to clear opening up the 0.83xx last touched in June. Beyond that, the 0.84xx and 0.876xx comes into play
Supporting this view is the wedge pattern that has been forming over the past few months and divergence of the MACD, MACD histogram and RSI. The OBV has shown signs of convergence to support flows into the pair
I will be monitoring the pair to see whether a break will happen
Supporting this view is the wedge pattern that has been forming over the past few months and divergence of the MACD, MACD histogram and RSI. The OBV has shown signs of convergence to support flows into the pair
I will be monitoring the pair to see whether a break will happen
