This is my long term view on this pair based on wave structure analysis. and chart patterns.
I consider two options at moment with much higher probability of one more up wave within channel.
As we are almost at bottom of channel watch for buy setups on lower time frames.
If last up wave develops we should have at least 1 year of increases witch final target around 4.5000 level.
You will be able to trade number of opportunities going along with higher time frame trend.
I consider two options at moment with much higher probability of one more up wave within channel.
As we are almost at bottom of channel watch for buy setups on lower time frames.
If last up wave develops we should have at least 1 year of increases witch final target around 4.5000 level.
You will be able to trade number of opportunities going along with higher time frame trend.