On the chart we can see that the price has touched the EMA 200 (1D) which would in principle mean that we should buy this currency pair.
On the other hand, the numerous geopolitical problems related to the British customs as well as the report on inflation that is to occur in the coming period can cause additional stress and push this currency pair towards 145.
if we were to buy this currency pair here in order to continue the upward trend towards 160 we should definitely set SL 149.5 or 150 as the key support of this currency pair.
My personal opinion is that they will currently wait a while at this level to see the power of the newly emerging new strain of virus that can push this pair down as well.
Certainly this currency pair is very sensitive and can make rapid shifts we definitely need to take care of risk management and SL
On the other hand, the numerous geopolitical problems related to the British customs as well as the report on inflation that is to occur in the coming period can cause additional stress and push this currency pair towards 145.
if we were to buy this currency pair here in order to continue the upward trend towards 160 we should definitely set SL 149.5 or 150 as the key support of this currency pair.
My personal opinion is that they will currently wait a while at this level to see the power of the newly emerging new strain of virus that can push this pair down as well.
Certainly this currency pair is very sensitive and can make rapid shifts we definitely need to take care of risk management and SL
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.
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.