After the pair completed a triple cycle down on the daily chart, I expect it to reach 92.50-93.00 zone.
Technical Analysis:
D1 – triple cycle completed
D1 – up trend line false break
D1 – hidden bullish divergence
Buy Signal:
There are two possible entry scenarios.
Scenario 1: Entry with bullish divergence near the up trend line. If the pair manages to go down and creates bullish divergence, once completed go for long protecting last low that will form.
Scenario 2: Follow the intra-day trend line. If broken up, go long, protecting last support zone.
Yours,
Vladimir
