The US dollar continues its rally and our pair is finding new levels of support. On the senior chart, we observe the continuation of the downtrend and therefore we expect its continuation on the 4-hour chart.
At the moment, the pair has slowed at the level of 1.27 and so far is above this mark. Technical indicators point to a sale, and the price is pressed against the lower boundary of the Bollinger bands.
Therefore, we advise you to wait for the signal and look for points to enter short positions after breaking of the level of 1.27
At the moment, the pair has slowed at the level of 1.27 and so far is above this mark. Technical indicators point to a sale, and the price is pressed against the lower boundary of the Bollinger bands.
Therefore, we advise you to wait for the signal and look for points to enter short positions after breaking of the level of 1.27
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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.
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.