This pair has breached the 1.10 on multiple occasions but has been extremely weak. We are currently above the 1.10 mark and trying to take new highs. A longer relief pop would set up for better shorts. I have outlined a resistance zone I am looking at. However, first we must sustain price above 1.10 so price action over the next couple of hours, days becomes very important. Still have a short bias so I will wait for price action to tell the story.
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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.