As with its correlated pair, EURUSD, I am expecting some short-term upside (very limited) as it begins to range within the green area outlined on the chart. Long-term, I see this pair as continuing its downward move. It should reveal its upside weakness shortly, likely around the .382 fib level, then bounce a few more times on the lower boundaries of the range before breaking downward.
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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.