This pair is finding strong resistance at the EMA 200 visible on D1 chart:
Here on H4 chart we have some reasons for a correction:
- double top with divergence
- channel resistance
Best regards.
*****************DISCLAMER********************************************************************
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: @fxtrader2000
Here on H4 chart we have some reasons for a correction:
- double top with divergence
- channel resistance
Best regards.
*****************DISCLAMER********************************************************************
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: @fxtrader2000