The currency pair has been trading in a channel for almost 1 month. Falling Channel has been seen on the currency pair. A short fall is seen in a channel and was expected to break on the upside but selling pressure was again seen at the channel top. The Pair is expected to move in a channel again, if a breakout is seen at any level there is an opportunity for an entry.

Macd is indicating positive move but RSI is yet not supporting the move, once the move is supported by Rsi on the upside we can expect the breakout to be on the upside.

Wait for the breakout, breakout at any side will be an opportunity to enter.

Channel

Jul 31 2021

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