The pair is overbought, and we are trading around a resistance line 106.73. The indicators are not as yet negative, but considering the pattern, and also how much is has moved higher, the chances are seeing a decline in the coming sessions.
Strategy SELL @ 106.50-106.90 and take profit near 105.17 for now.
Strategy SELL @ 106.50-106.90 and take profit near 105.17 for now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.