seems to be in a downtrend. I do anticipate this pair to go lower to the 84.500 range and then bounce off of the trendline
to the upside as more buyers are coming in. My TP is around the 88.000 area. Also for confirmation, I do see some bullish divergence
on the stochastic
indicator, which signals a strong possibility of bullish
momentum. Past price action shows an inverted head and shoulders
pattern beginning at the end of 2016 and finalizing the last shoulder this last week of August 2017. Very good indicators of bullish
movement this week. Happy trading!
*Trading is not for everyone and losses could easily exceed investment capital. Use proper risk management and smaller lot sizes to protect individual accounts.