The pair has being in consolidation momentum in the recent days, the near term directional bias is bearish.it forms a slight ranging momentum for few days now around 83.818 resistance zone and 82.237 support zone. We are anticipation a false break into the resistance zones 84.52-83.818.
Trading Focus– We are anticipating a price Action setup within the resistance zones, this will clue us into taking a position in the near term.
The market started with a gap on Monday which has been filled prior into the New York close, which ultimately formed a false break of the inside bar formed on Friday.
The pair is building bullish momentum after forming a bullish trap few weeks ago. The false break was formed at the support zones 0.85306.We are anticipating the slowing building up of a bullish momentum in the near term.
Trading Focus- We awaiting a price action setup to clue us into the directional bias in the near term.