Sellers gearing up
This is my analysis of the pair, looking for a long term sell when it enters the 85.932 - 85.011 range all the way down to touch the major strong uptrend line which is denoted as TP2 @80.204 or to the previously broken minor resistance @81.773. The RSI is currently @78.74 which indicates overbought.
In the coming days/weeks I'm expecting a shoot to the upside to touch the major weekly resistance @89.077 ☺
In the coming days/weeks I'm expecting a shoot to the upside to touch the major weekly resistance @89.077 ☺
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