Daily am repeating the same story, but at least we got a fresh chart to view.
No change in view, and yes, as some have noted, they are keeping the currency pair within a narrow band.
I guess until such time the market has enough of it and will devise then the next move.
Medium-term we remain SHORT for a move to 10.50-9.00 which not everyone accepts as a possibility. The monthly chart is OVEBROUGHT and quite extreme, so we still need to reduce this pressure and that is why it is very possible to see this low.
No change in view, and yes, as some have noted, they are keeping the currency pair within a narrow band.
I guess until such time the market has enough of it and will devise then the next move.
Medium-term we remain SHORT for a move to 10.50-9.00 which not everyone accepts as a possibility. The monthly chart is OVEBROUGHT and quite extreme, so we still need to reduce this pressure and that is why it is very possible to see this low.
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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.