After the pair reached lows for 21 months last Thursday, the price turned around and is currently in a correction. The pair is now in the range of 1.1185 and 1.1250.
These levels are the boundaries of the current channel and we expect a speedy exit from this range. Technical indicators point to a sale and we believe that after reaching the upper limit, the pair will go down.
Therefore, we advise you to take short positions in the pair and set a take profit near the marks of 1.1185 and 1.1160
These levels are the boundaries of the current channel and we expect a speedy exit from this range. Technical indicators point to a sale and we believe that after reaching the upper limit, the pair will go down.
Therefore, we advise you to take short positions in the pair and set a take profit near the marks of 1.1185 and 1.1160