Our pair has found its niche on the chart and is now trading between two relatively strong levels. On the chart we have an established channel between the levels of 1.2750 and 1.2895. Furthermore, we can draw a more extended version within 1.2725 and 1.2925.
At the moment, we believe that the pair will continue to be in this corridor. Now our technical indicators point to a sale, but the pair is approaching the level in the middle of the corridor. The last candles indicate a purchase. It is quite possible to see that the pair rushes to the upper boundary of the channel, and then rushes down. Therefore, we advise you to wait for the price to reach the upper limits and take short positions there.
