Weekly: The pair has continued the correction rally after the Pin bar formation. It has also formed a bullish Marubozu engulfing the previous bar indicating there is more bullish momentum left to challenge the 111 key Resistance. However, the pair has stall below the 11 key region shows diminishing momentum as the bulls failed to push above just before the week closes.
A diminishing momentum could leads to the formation of a double top as bears will likely come into control the next week.
Bias
Long-term: Short
Bias-term: Short
A diminishing momentum could leads to the formation of a double top as bears will likely come into control the next week.
Bias
Long-term: Short
Bias-term: Short
