The pair looks good for the bull. The level of 170.700 may hold the price as a level of support and push it towards the North. I am eyeing to go long in the pair.
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The price has been moving towards the North gradually. However, it does not seem that the buyers are confident enough to push the price upside with good momentum. Traders are to be careful with this pair now.
The pair has been bullish in the H4 chart. It may find its next resistance around 169.000. A bullish breakout at that level may push the price towards the North. A bearish reversal pattern may attract the sellers to go short in the pair.
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