After a long consolidation period floating between these key levels. Price did manage to breakout to the downside giving us a better bias for where this pair is going next. Price already retested the 1.88000 level. Making it our new resistance level. Next target off support will be 1.86000
GOLD spiked through our consolidation range. All USD pairs is on the move and waited for a direction. Gold is still very bullish. We can expect a target resistance level of $1600 before we will see any type of exhaustion on gold. Waiting for this retest on the new support as price is respecting the breakout retest movements.
Two options for this pair. Either a break through the support to continue bearish. or we can see a bounce on the current support level to continue to our resistance level where we will form our 3rd LH and trend further down. Price is still under the EMA and is also a nice confirmation that we are still bearish.