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Monthly Chart
Well after previous pin bar candle, i think price became oversold earlier, and now price is beginning to gain demand, should be moving toward the middle bollinger band area around 1.4300 by 3rd August 2015 .
Daily Chart
Earlier price had a shooting star candle in the daily around 1.4162 where price had become earlier overbought, currently price is ranging, but still above the 50day moving average which is around 1.3680, so as long as price is trading above 1.3700 in other words…
Well after previous pin bar candle, i think price became oversold earlier, and now price is beginning to gain demand, should be moving toward the middle bollinger band area around 1.4300 by 3rd August 2015 .
Daily Chart
Earlier price had a shooting star candle in the daily around 1.4162 where price had become earlier overbought, currently price is ranging, but still above the 50day moving average which is around 1.3680, so as long as price is trading above 1.3700 in other words…