Weekly chart here
No bullish or bearish pattern per se, but considering how this pair moves, I would say it's heading for a range.
The daily chart shows a double bottom with a divergence, confirmed by blue impulse and a piercing line pattern. The first target is a little above 1.81, where we find strong resistance from the two ranges, February - August and September - November. Second target is below the last major swing high at 1.85.
I have entered long this morning at the opening price, plus minus a few pips. Stop below the double bottom.
The daily chart shows a double bottom with a divergence, confirmed by blue impulse and a piercing line pattern. The first target is a little above 1.81, where we find strong resistance from the two ranges, February - August and September - November. Second target is below the last major swing high at 1.85.
I have entered long this morning at the opening price, plus minus a few pips. Stop below the double bottom.
