The pair is still in a strongly define bearish trend. The pair has pullback at around 140.25 region to 141.75 region where it was meet with strong supply zone in the north america session. Following that, the asian session has seen limited action as the buyers & trader are waiting for the news release in the london session.
The pair are currently hovering around the 141.5 region as the buyers awaits the release of the news. The relief rally is expected to reach 141.75 & 142.25 where it is expected to encounter some supply zone.
A rejection off region 141.75-142.25 would be taken as a bearish continuation signal to enter the downtrend.
Alternatively, the pair could failed to break above 141.5 and continue downwards towards 141 where it is expected to find some level of support.
The pair are currently hovering around the 141.5 region as the buyers awaits the release of the news. The relief rally is expected to reach 141.75 & 142.25 where it is expected to encounter some supply zone.
A rejection off region 141.75-142.25 would be taken as a bearish continuation signal to enter the downtrend.
Alternatively, the pair could failed to break above 141.5 and continue downwards towards 141 where it is expected to find some level of support.
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