The pair seems to have found a bottom. Both RSI and MACD confirm that. We have also printed a small hammer candle yesterday near the resistance area. If that 1.36 area is broken and holds it will be a good signal to go long. It will face some resistance with MA50, if broken 138.8 is a very reachable area.
It is better illustrated in the next 4H chart. We also see that we are getting an RSI divergence, prices getting lower but RSI gaining strength.
It is better illustrated in the next 4H chart. We also see that we are getting an RSI divergence, prices getting lower but RSI gaining strength.
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Idea still valid although it has been very choppy and I will probably look for better trading opportunities elsewhere