No change in view/direction.
We are within a small uptrend channel, but the formation is now a rising wedge with the channel. The key support 0.8650 and likely this will break for a move to lower part of channel 0.8500 short-term.
Strategy is SELL rallies between 0.8660-0.8730 and take profit @ 0.8527,
We are within a small uptrend channel, but the formation is now a rising wedge with the channel. The key support 0.8650 and likely this will break for a move to lower part of channel 0.8500 short-term.
Strategy is SELL rallies between 0.8660-0.8730 and take profit @ 0.8527,
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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.