Currently this asset has been in a downtrend and has been somewhat contained within a disjoint channel.
Based on technical analysis It looks as if the pair might come down to around .8760 if not all the way to the trendline.
I will be looking to BUY at this area. (Depending on time on day, and or news) (see related idea link)
Be aware of Bearish breakout if it goes below trendline.
Compare time of day with levels at .8850, .8890-.8900, and the Golden Ratio at .8950-.8960 to take some profits.
As long as Covid restriction in China don't get too ridiculous, and the price of OIL stays somewhat in check, this should be a good trade.
I warrant that the information created and published is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Bruce Baines
Based on technical analysis It looks as if the pair might come down to around .8760 if not all the way to the trendline.
I will be looking to BUY at this area. (Depending on time on day, and or news) (see related idea link)
Be aware of Bearish breakout if it goes below trendline.
Compare time of day with levels at .8850, .8890-.8900, and the Golden Ratio at .8950-.8960 to take some profits.
As long as Covid restriction in China don't get too ridiculous, and the price of OIL stays somewhat in check, this should be a good trade.
I warrant that the information created and published is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Bruce Baines
