In daily chart we can see potential of price to move higher towards retest of descending trendline..
Price has moved above descending channel pattern in daily chart and currently facing resistance from 20 DMA , above which we may see further upside , meanwhile during sideways movement we can also notice flat channel
which may provide range trading opportunity ..
Overall our bias remains bullish in this pair till price is not making new low in daily chart.. buy low towards channel top or towards descending trendline .
Please let us know your views on this analysis...
Price has moved above descending channel pattern in daily chart and currently facing resistance from 20 DMA , above which we may see further upside , meanwhile during sideways movement we can also notice flat channel
which may provide range trading opportunity ..
Overall our bias remains bullish in this pair till price is not making new low in daily chart.. buy low towards channel top or towards descending trendline .
Please let us know your views on this analysis...