The counter is currently in an ascending channel formation.
It hit the lower parallel, took support and is moving up.
Since the odds of no-deal Brexit has decreased, it can also support the price action.
Hence, we expect the pair to move to the upper parallel for now.
It hit the lower parallel, took support and is moving up.
Since the odds of no-deal Brexit has decreased, it can also support the price action.
Hence, we expect the pair to move to the upper parallel for now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.