Buyers are responsible but not convincing as the action. The price have been consolidating the last few days / weeks.
Now, to get a clear picture, let's consider the 4HR chart, and here you can see how the prices behave.
We are still in a break-out pattern and as long as the bulls maintain prices above the support trunk line, buyers are responsible despite the sinus prism pattern that forms along the support line.
The price will might continue fall to the key support before buyers will take action.
Disclaimer: Trading has a high risk level and may not be suitable for all investors. Before you decide to invest, carefully consider your investment goals and risk willingness. The possibility is that you can sustain a loss of some or all of your initial investment and therefore you should not invest money that you can not afford to lose. You should be aware of all risks associated with currency trading and seek advice from an independent financial adviser if in doubt. I'm not a financial advisor and there is also no content in this article that is presented as financial advisory.
