The pair rebounded with strength yesterday, from the 1.0168 lows to 1.0272. The last one hour candle has the shape of high wave, indicating indecision and, therefore, a possible correction or rebound. Also, the RSI is marking overbought. If it loses 1.0246 it will be a rebound that will try to lose 1.02 down to 1.0194. The 200 days MA could use 1.0246 to go towards 1.0361, last lower high from the daily chart.
Join the Discussion