Been watching this pair for a bit. As you can see its failed to break the 114.000 resistance yet again. This level was created April 2017 and it’s been bouncing off it ever since. It rejected this level this week and it’s been climbing down but hasn’t broke the uptrend line yet so I can’t really tell which direction the market will go.
Waiting for it to break down through the trendline, retest it, then fall into a sell hopefully all the way down to the 112.000 level. Won’t consider it a buy til it breaks the 114.000 and fails to drop below it.
What do you think? Any ideas? I’m still an amateur.