This pair has stood out to be an interesting pair for us to trade but over a week now, it has experienced consolidation and trading within a descending channel in H4. Also, note that support holds at 1485.68 regions. Price is currently at the top edge of the descending channel which can attract the sellers. a breakout to the upside is a confirmation to buy the pair. A break below the noted support introduces the sellers. Market open will give clear descriptions. keep an eye on the pair.
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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.