Similar to EURUSD, Friday we got a good short to the buy level for a long and market rallied to the highs.
Weekly price action is bearish, while daily price action is neutral to bullish. Thus some conflicting signal here. I will look for a possible short from 1.2633 for a move lower with first target as 1.2595.
This strong level will be decisive as a pivot point on the next move. Will update more again in the group.
Weekly price action is bearish, while daily price action is neutral to bullish. Thus some conflicting signal here. I will look for a possible short from 1.2633 for a move lower with first target as 1.2595.
This strong level will be decisive as a pivot point on the next move. Will update more again in the group.
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