The pair have traded weak during its prior week and turned down sharply. Overall the structure is unfolding within 3 leg structure which is likely to hold above 1.67 on further weakness and turn higher towards 1.73 in the coming weeks.
Structurally nothing has changed so I will stick to my bullish outlook that I posted in my previous update.
Structurally nothing has changed so I will stick to my bullish outlook that I posted in my previous update.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.