As expectations lower of a June rate hike by the Fed, it is quite possible we will see the US Dollar move lower over the coming week, although price action does look indecisive or maybe even a bit bullish there.
This pair is usually good to trade on breakouts, so I would look to go long following a daily candlestick that closes above the big round number at $1.2500 near the high of its price range.
#forex #forextradingnepalnews #swingtrading