After a few days in that "indecision box" as I call it, the price has broken down, retested, failed, and will more than likely continue downwards. Not many people use the 180m chart but I find in quite useful on this pair in conjunction with the 200EMA and as you can see, the price respects the 200EMA quite well. Only thing that could completely derail this analysis is out of the blue Brexit headlines so stay vigilant on this trade.
Good luck!
Good luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.