At the moment, we see on the chart that the pair can not overcome the level of 1,1730 and fluctuates in a certain range. We can consider passing the level of the lower boundary as an upside-down "head and shoulders" figure , and peaks regarded as the formation of a "double top". Therefore, given the figurative configuration, we expect a downward movement in the pair.
We advise you to look for points to enter short positions. Our technical indicators indicate an early sale and if we do not hear any serious statements that are able to turn the market, then we expect a retreat from the level of 1.17 to the level of 1.1625
We advise you to look for points to enter short positions. Our technical indicators indicate an early sale and if we do not hear any serious statements that are able to turn the market, then we expect a retreat from the level of 1.17 to the level of 1.1625