No change in view.
The pair has not had much movement for almost one week now, and it seems each time it remains at a particular level, which shows there are forces at bay keeping it controlled.
The over all view is still SELL @ 15.50-16.50 to add to shorts or creating a new short position. It is expected that medium- to long-term we are seeing 10.50 - 9.00 corrective action. This is based on the monthly chart showing extreme overbought conditions.
The pair has not had much movement for almost one week now, and it seems each time it remains at a particular level, which shows there are forces at bay keeping it controlled.
The over all view is still SELL @ 15.50-16.50 to add to shorts or creating a new short position. It is expected that medium- to long-term we are seeing 10.50 - 9.00 corrective action. This is based on the monthly chart showing extreme overbought conditions.
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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.