Chart/Scale: Weekly, Monthly Chart
Indicator used: Bollinger Band, CCI, ADX, EMA 200, ATR (14)
Support Area: 1.01
Resistence Area: 1.03, 1.04, 1.05
Pair Analysis: Monthly trend of the Pair is down, however average True range is declining in this continuation pattern since the year 2013. The Question will be how the Price reacts on the multi year low close to Parity. If it breaks under the pattern and the volatility will start rising, we could see the continuation of the yearly downtrend. In the …
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