The pair hit the short selling target at 1.1740 and found a good amount of a support to rebound from it towards 1.1850.
as the buyers strengthen at this point, I think a break above 1.1835 may clear the direction to the upside to trigger 1.1900 handles.
however, keep in mind that the 1.1900 level could face a resisting action as the market is trying to form the right shoulder for the head and shoulder pattern on the daily chart.
as the buyers strengthen at this point, I think a break above 1.1835 may clear the direction to the upside to trigger 1.1900 handles.
however, keep in mind that the 1.1900 level could face a resisting action as the market is trying to form the right shoulder for the head and shoulder pattern on the daily chart.