At around 0.7970, the cross is trading just 30 pip short of the Leg D of the Cypher pattern spotted at May end, when the cross was trading around 0.7570 levels
Also note the pair is attempting a break above rising trend line (blue).
We could see the cross move above 0.80 handle if Brexit fears worsen, but keeping in mind that 0.80 is Leg D or potential reversal zone would help.
Also note the pair is attempting a break above rising trend line (blue).
We could see the cross move above 0.80 handle if Brexit fears worsen, but keeping in mind that 0.80 is Leg D or potential reversal zone would help.
