The pair had a strong move higher, and this is also inline with the dollar index movement. Same as some other pairs, we are starting to see a s/h/s patter (inverse), and this suggests we may see much higher levels in time. the breakout point is around 18.6550.
For now, it feels we are slightly overdone, hence I prefer SELL strategy but with a tight stop.
Strategy SELL @ 18.5700-18.6100 and place SL above 18.6700. Profit order suggested @ 18.4350.
For now, it feels we are slightly overdone, hence I prefer SELL strategy but with a tight stop.
Strategy SELL @ 18.5700-18.6100 and place SL above 18.6700. Profit order suggested @ 18.4350.
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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.