The pair has moved aggressively upwards due to thin holiday trading period, and we reached near 18.8700 area before moving down to 18.6150 and upwards again near 18.7900.
The pair is over extended, and I suspect we will see 18.45-18.5250 again near term.
Strategy SELL @ 18.6750-18.7350 and take profit near 18.5250 for now.
The pair is over extended, and I suspect we will see 18.45-18.5250 again near term.
Strategy SELL @ 18.6750-18.7350 and take profit near 18.5250 for now.
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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.