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The pair just weeks ago had a strong technical bearish move, with the pair moving below a key retest 50% fibonacci level as seen in monthly chart 1.
Monthly Chart 1.
As of September 15 the charts have changed enough to point to a prolonged bullish move. Assuming the pair will act more or less the same with any North Korea threat developments and nothing too good or bad unexpected developments from the FED meeting next week, then the pair is poised to move upwards, but with limited upside.
As see…
Monthly Chart 1.
As of September 15 the charts have changed enough to point to a prolonged bullish move. Assuming the pair will act more or less the same with any North Korea threat developments and nothing too good or bad unexpected developments from the FED meeting next week, then the pair is poised to move upwards, but with limited upside.
As see…