Considering that our chart overcame the resistance level near the mark of 1.42 and was fixed above it, we expect further price advance up to local resistance levels.
Given some political tensions and factors associated with geopolitical factors, we observe a weakening of the reserve currency rate relative to the basket of major pairs.
Also, it is necessary to take into account the loud statements of the head of the White House. Donald Trump scolds the Assad regime in his Twitter, accuses his officials and declares import duties on China. Therefore, it is difficult to count on the stability of the greenback at the moment.
Therefore, occupy long positions in our pair and establish Take Profit near the resistance levels.
Given some political tensions and factors associated with geopolitical factors, we observe a weakening of the reserve currency rate relative to the basket of major pairs.
Also, it is necessary to take into account the loud statements of the head of the White House. Donald Trump scolds the Assad regime in his Twitter, accuses his officials and declares import duties on China. Therefore, it is difficult to count on the stability of the greenback at the moment.
Therefore, occupy long positions in our pair and establish Take Profit near the resistance levels.
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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.