The pair is starting to look little better on the charts,. We are above the cloud support 18.2200 area and we are approach regression channel top 18.3050 area. Since the channel is downward, it suggests a breach above let's say 18.3350, would indicate higher levels before lower again. Based on today's chart, I feel BUYING is the way to go for short-term trade.
Strategy BUY @ 18.2150-18.2450 and take profit near 18.3450 for now. Monitor as you might get better mileage out of it.
Strategy BUY @ 18.2150-18.2450 and take profit near 18.3450 for now. Monitor as you might get better mileage out of it.
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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.