The pair is forming a bullish flag which is a sign of a continuation pattern usually accelerates the preceding bullish move. If the pair retest the 0.6820 area it would be a prime entry for a buy position as it matches perfectly with the 200 & 800 EMA significant support are with previous reversal points.
We need to be careful as there is upcoming news on the pair that may affect our analysis! ( Wed 9:45 pm). If the pair breaks the 0.6850 area the doors will open for 0.69 psychological area and then 0.6985 fx street line.
We need to be careful as there is upcoming news on the pair that may affect our analysis! ( Wed 9:45 pm). If the pair breaks the 0.6850 area the doors will open for 0.69 psychological area and then 0.6985 fx street line.