The pair is very overextended, in terms of RSI reading, even though we are in still a slightly upwards short-term move, and soon exhaustion is my viewpoint. The regression channel is useful as it intends to show severe outbreaks, and we have broken out and it requires a solid correction back to 2.1900 near-term.
Strategy SELL 2.2325 - 2.2425 range and take profit near 2.1875 for now.
Strategy SELL 2.2325 - 2.2425 range and take profit near 2.1875 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.