Last week, the pair continued the uptrend despite our forecast in which we anticipated it to reach the bottom channel line. For next week, we expect the price to enter a bearish phase for a consolidation. We will focus on the sell setups and wait for the price to give us the necessary signs for a reversal, even though it could move higher from here. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.