The price is almost touching the lower band of the 2-year channel at 0.7670 level. After price bounce against the band, it will aim the lower band of fresh formation at 0.7510 level. After breaking it, in long-term, the price will target the lower band of the 6-month downtrend. It seems it is the best point to sell with tight stop loss.
Good luck!
LimitFX
Good luck!
LimitFX
Yorum:
The parity is moving in our favor. It has already crossed 0.7510 level. Now we are observing it declining further, toward our next target: the lower band of the 6-month downtrend.