On the monthly timeframe we can see that this pair is currently in a downtrend. We are finding some resistance but we have yet to show a real reversal candle.
On the weekly timeframe we can also see that we need a reversal here as price is in a downtrend just falling week after week. On the H4 timeframe we just had a break of support and I am expecting a nice short opportunity here.
On the weekly timeframe we can also see that we need a reversal here as price is in a downtrend just falling week after week. On the H4 timeframe we just had a break of support and I am expecting a nice short opportunity here.