The pair has been in a downward spiral.
with the last two weeks showing steady decline. The pair is currently below the lower band.
on the daily chart, price can be seen to be testing a previous support level. if this level holds, we should see a sharp correction to the upside.
The rate of decline has reduced, so a possibe reversal.
with the last two weeks showing steady decline. The pair is currently below the lower band.
on the daily chart, price can be seen to be testing a previous support level. if this level holds, we should see a sharp correction to the upside.
The rate of decline has reduced, so a possibe reversal.