Price seems to be developing in a simple 3-wave structure, with a confluence from fibs and supports from the bullish and bearish channel.
Fundamental wise, it's definitely a tricky currency pair to trade. So always make sure you have your risk well managed.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Fundamental wise, it's definitely a tricky currency pair to trade. So always make sure you have your risk well managed.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
