After taking a lovely buy run from 1.1300 region right up to 1.1470 I am now awaiting for further price movement to either buy or sell, the price is heading for resistance (yellow ellipse) and I am keen to see if the price will break and close above this level or not. Since August lower highs and higher lows have been formed indicating a down trend. However, from November I have noticed an uptrend. Thus why I'm waiting for conformation of either a break or bounce back on this resistance line.
With up and coming EU and US news this may be the catalyst needed to get the price moving in whatever direction.
With up and coming EU and US news this may be the catalyst needed to get the price moving in whatever direction.