Expecting negative value so it will have bearish effect on the pair. From technical perspective the pair is expected to continue to move towards the weekly S1 at 108.80, as the northern side contains too many barriers to allow the buck to recover. The only difference is that this time it seems that the channel has transformed into a falling wedge. However, this minor detail does not change the general projected direction for the pair so plan you trade accordingly.
Traduzir para Inglês Mostrar original