The price is nearer to recent trendline support (1.2830)on daily chart. We might as well have a channel on 4hr chart and we are coming to the lower end of the channel.
If we break 1.2830, the price could reach 1.2740. On the other hand, if it rebounds, it could head towards 1.3000 again.
We need to wait for either break or rebound on 4 hour chart to take bias on the trade
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| Daily Chart |
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| 4hr chart |
If we break 1.2830, the price could reach 1.2740. On the other hand, if it rebounds, it could head towards 1.3000 again.
We need to wait for either break or rebound on 4 hour chart to take bias on the trade
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| 4hr chart |
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