The pair has been moving in a downward direction since the beginning of May, in a corrective wave for the previous uptrend that started in February. As the decline continues, the price has approached the end of the corrective downward wave.
The #Forex_trading_time team of analysts believes that the return to the uptrend is now very close.
On the daily timeframe, we see the formation of #Japanese candlestick patterns that give a bullish signal.
On the indicators, we see that the #price has touched the lower Bollinger Band and has broken through the 30 level on the #RSI, forming a bottom.
On the 4-hour timeframe, we see that the #price has touched the lower #Bollinger Band and rebounded, with the first candle of the day forming a bottom. On the #RSI indicator, we see the indicator has reversed and is attempting to break above the 30 level.
All of the above factors provide a signal that a very imminent upward wave is about to begin.
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