The neckline to the double top pattern at 0.74 has once again come out on the winning side, the confluence of the daily up sloping channel and a descending one. The formation of a daily shooting star adds proximity to a hurdle.
With the weekly RSI closing in on resistance, upside is likely to remain capped.
In the short term a correction towards 0.7060 of the recent rebound is likely
With the weekly RSI closing in on resistance, upside is likely to remain capped.
In the short term a correction towards 0.7060 of the recent rebound is likely
