The currency might form another impulse to the upside after consolidating since January 4th. Price broke the 9 day descending channel yesterday and is consolidating just above channel support at the moment, forming another channel on the lower timeframes. A breakout of this pattern followed by bullish price action and we could see new highs on this pair.
*Personal analysis only. It is advised to use your own rules and strategies prior to entering market.
*Personal analysis only. It is advised to use your own rules and strategies prior to entering market.