Salam. At last the pair break the 1.5000 psycho level yesterday an went high till 1.50470. Stoch at H4 shows that the pair is actually moving down; it has lot it momentum since. At the time I write this post, the has already drop till 1.49864. The lowest level for today, so far, was at 1.49427.
My idea, I believe we will see some weakness from this pair. The nearest support line is at 1.49228 and 1.49000(round number). As long as the price moves inside the 1.49000 – 1.50470 zone, It will be quite intersting to see where will the price went next. For the time being, I’ll set my sight on any bearish move from the pair but stays within the said zone.
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