The currency pair technical analysis is referring to 29/06/2018 at 18:45.
The chart analysis of the Big tf of the pair express a bearish tendency considering the position of the price level considering the SMA 200 and SMA 9 tendency.
LR Intercept and the Regression Channel at the W1 scale suggest the opportunity of the consistency of the bearish behavior supporting the indications of the previous arguments.
Slope of the Linear Regression indicator, the Money Flow Index and the configuration of the Parabolic Sar of the Small tf utilized in H1 seem to support the possibility of a trendless analysis.
The chart analysis also seems to suggest the possibility of a secondary bullish retracement at the resistance zone related with Pivot Point (S3).
The macro releases related with the two countries could guide to a not so great results for the economies and should not create a preponderating economy on the other.

From a technical study any two successive closing lower than the Parabolic Sar in H2 tf can be utilized as a possibility of entry in sell.
As another way to establish the tendency it could be utilized a statistical methodology with the Regression Channel.
A bullish crossing of the Regression Channel of around 13 Pips in H6 can validate a bullish inclination and a possibility of different tendency analysis.
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