The pair is following the technical playbook closely and there is a large option expiry that is sitting nearby
Looking at the hourly chart, there pair has formed a double-bottom in the last two trading days and that seems to be where buyers come into the picture - meanwhile the topside is limited and capped by the 200-hour MA for the time being.
Looking at the hourly chart, there pair has formed a double-bottom in the last two trading days and that seems to be where buyers come into the picture - meanwhile the topside is limited and capped by the 200-hour MA for the time being.