This pair shows many signs that it may be beginning a bullish trend. We are at the beginning of that since we are at the bottom of this range box. The Macd Blue line crossed over the Red line which also shows the beginning of a new bullish move if it can stay above the Red line and then cross over above the 0 level line. This bullish move will happen we just have to find the right timing when the market decides to make it's move up. Price may fall below the bottom of the range box but it will return again and begin it's upward move. Set a buy stop above 109.65 to help find the right timing of the market.
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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.