Tools Used- horizontal and vertical lines
- Support and resistance lines
- Chart Pattern
Weekly Chart
On the weekly chart, the chart is showing a strong downward movement. It alittle confusing at the moment the direction the price is likely to move because well as the price is downward channel, its just retracing from major support and resistance. But provided the price does not form a
reversal pattern i would stay bearish on the pair.
Daily ChartThe daily chart shows the continuation of the …