I'm looking at a potential long position in this pair, based on the presence of strong support around the current price levels.
A drop below 0.77 would make me doubt this forecast, but for now I think there is a strong possibility of mimmicking a previous reaction off support, after a climactic decline like the one we have recently witnessed.
Short term bias is bearish, but the bullish case is a compelling one in my view.
A drop below 0.77 would make me doubt this forecast, but for now I think there is a strong possibility of mimmicking a previous reaction off support, after a climactic decline like the one we have recently witnessed.
Short term bias is bearish, but the bullish case is a compelling one in my view.
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