The pair has been in an overall uptrend and our previous analysis posted predicted a bullish move to the current area of 1.0000. We have now reached our target area of 1.0000. We have had multiple retests on this area which we can also identify as a strong liquidity zone. We are now excepting order collection in this area. In addition to this, we have had three retests of this area in June and October respectively. This area also lines up to be the 61.8% retracement level on a daily timeframe. This provides us with sufficient confluences for sellers to take control. We are targeting the 0.97 area, giving us a yield of 3%.
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Target Reached