This pair has been whipsawing between two extremes since early 2021. Most recently, we're seeing a clean breakout above the 0.86785 level.
We're anticipating that price will hold above this upper range boundary and continue trending higher. Of course, this breakout will be invalidated if price crosses back below this level.
Unless there is some kind of surprising fundamental factor, I would say it's unlikely for price to return back to range.
We're anticipating that price will hold above this upper range boundary and continue trending higher. Of course, this breakout will be invalidated if price crosses back below this level.
Unless there is some kind of surprising fundamental factor, I would say it's unlikely for price to return back to range.