This pair it’s clearly in a down trend. It’s drawing a bearish channel and the last movement it’s an impulse drawn during two lasts weeks. After that impulse the pair could make a retracement like this image.
In four hours chart image we can see the accumulation pattern after the retracement.
Objective in June: 1.0480
In four hours chart image we can see the accumulation pattern after the retracement.
Objective in June: 1.0480