Pair is still blocked from breaking below 1.18. Bulls are also not holding positions for too long, before the price goes over 1.20.
I am still bullish but today’s FED news will decide the near future of the pair.
Weekly and 4h charts suggest that the bulls are still in control. Also, the price is still in the channel and made another bounce.
The dollar is very weak at the moment, so I highly doubt we will have short break this week, unless FED raises the interest rate.