Looks like this pair wants to stay above resistance at 0.7360 this time, since it broke it and strongly.


If today’s candle will close above resistance, this could be good sign that this time price want to proceed north even more. When we move to 1h chart, we can see that retrace back to support started already, so we should wait for good price action signal to long that pair.


On the other side, if price will not close above resistance on daily chart, this could be sign, that bears are still too strong and they want to drive price back down. In this case, we will need to wait for a retest of a resistance from above on 4h or 1h chart.
Tomorrow there are some lover level EU and UK news.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.