This pair has reacted strongly to the movements on the DXY, in line with my analysis on the dxy we can see the pair hold the 38.2 FIB with accurate respect of a trend line. Personally, I would wait for a daily break and close of the 108.600 level as confirmation to long this pair.
In short, we are heading LONG
In short, we are heading LONG
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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.