Back on the 4th of January, I posted an idea about this pair rejecting the support area of 1.55800 and going up to the last major resistance. But now, it looks like price will be travelling between the resistance area of 1.59000 and support area of 1.55800.
Note
Price failed to make a head & shoulder pattern. Since its bearish momentum isn't to aggressive, I believe price will reverse when it reaches the support area of 1.55800.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.