FXS spent 2/3 of a year to move sideways between 4-8$ zone, and it has just broken up the 8$ zone yesterday. This is a great sign! Our forecast about FXS movements in next days : - Test 8$ zone again - Move upward to 12$ - Move upward to 18$
Back-up plan: If selling pressure at 8$ is too strong, FXS will drop hard
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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.