Bullish momentum was observed to slow down for the pair with candles become shorter in length for the recent candles.
The pair continues to be resisted at Fibonacci extension 127.2% at 120.69.
Broker of the month
Focusing only on H1 chart, the pair is ranging between 120.69 and 120.15.
Trend Direction | S3 | S2 | S1 | R1 | R2 | R3 | Entry | Stop Loss | Exit |
| Ranging market/ Bullish in the long run | 119.61 | 120.15 | 120.69 | 121.30 |