The pair should resume downtrend as based on regression channel parameters and indicators. The feel I get is, we will test 103.40 area in coming sessions, whilst still respecting cloud support lower.
Strategy SELL @ 105.00-105.40 and take profit near 103.77 for now.
Strategy SELL @ 105.00-105.40 and take profit near 103.77 for now.
Trade closed: target reached
104.33 profit taken.
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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.