The pair continues its downward movement amid the strengthening of the dollar. Now on the chart we can observe that technical indicators continue to be in the oversold zone.
Also, our pair does not stay near any resistance levels. The descending impulse is very strong and the quotation has fallen to the level of January of this year.
So we advise to stand on short positions. At the moment, the signals for correction should be expected from technical indicators, because the downward momentum is strong enough.
Also, our pair does not stay near any resistance levels. The descending impulse is very strong and the quotation has fallen to the level of January of this year.
So we advise to stand on short positions. At the moment, the signals for correction should be expected from technical indicators, because the downward momentum is strong enough.
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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.