the pair is oversold short-term and pullback towards 0.8430 is possible.
We are trading below the channel, and this usually suggests we see a move back towards the middle of it. this is inline with oversold state, and also the GILTS yields are declining, which could support the pair moving higher.
Strategy BUY @ 0.8365-0.8375 and take profit @ 0.8427.
We are trading below the channel, and this usually suggests we see a move back towards the middle of it. this is inline with oversold state, and also the GILTS yields are declining, which could support the pair moving higher.
Strategy BUY @ 0.8365-0.8375 and take profit @ 0.8427.
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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.