The Currency Pair is making Higher Low and Lower High which suggest that the seller is pushing the currency pair down whenever they get an opportunity at a high level.

Looking at the currency pair we can expect that the pair can correct in recent times. If we follow the falling trend line there is resistance nearby where we can expect the pair to halt.

As the pair is in a corrective mode we need to find is this the retracement move, Yes we can expect this to be a retracement move. The Rsi is showing divergence, which will explain ahead.

MACD : Macd has a resistance nearby from where majority of the time the currency has corrected so we need to look at that level as well.

Rsi : Rsi is showing some divergence as well which is suggesting that the price nearby can correct or can halt the upside move.

Advice : Wait for the pair to make a reversal pattern at top. Once a Reversal Pattern is seen, go for SELL.

Opportunity Nearby

Jul 25 2021