I posted this exact chart probably 2 weeks ago. I mean we are almost closing the month and we get this candle. Do i think this can go back up....nahhhh. Watching this very closely.
Im still looking for this to go back to at leat .72, depending on how I see the price I cant extend the TP to .71500 or .71. This is if we continue to respect that resistance. If not I expect this to fly!!!!
This is a tricky one, we saw the last week reject that .72 area. But we spend weeks consolidating in this area that we are right now, so my analysis is that we probably see another retest to later go down again. Like I said a tricky one but im in it(small but in it).
So I expect this pair to continue to the downside to at leat .72, Waiting for the new 4hr candle to dictate if its gonna test again where it broke on Friday or if it continues with that RSI on oversold, if that happends its align with the RSI oversold on the weekly and that could be a potential good situation. Just be patient
