Monthly chart show buyers cleared out all the way to 1.00. Weekly chart shows strong downtrend with price retracing back to the 1.06 area. Clean area of imbalance at 1.0610 for short entry. Profit margin of approx. 300 pips to the 1.0310 area.
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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.