As we can see, the price just hit 1.0600 which was where it touched back in 4/2024.
Now the question is whether it would go DOWN as many would think, or it would just go UP.
The answer is with the US10Y, which is riding HIGH now. My opinion is that unless it drops to below 3.70%, the probability of the price falling below 1.0600 is low. As of now, US$ is facing heavy resistance with Bond Yield!!!
I am buying it now - good luck. Target = 1.0898
P/S : 'Time' will tell; if we know it well, it suggests where and when.
Now the question is whether it would go DOWN as many would think, or it would just go UP.
The answer is with the US10Y, which is riding HIGH now. My opinion is that unless it drops to below 3.70%, the probability of the price falling below 1.0600 is low. As of now, US$ is facing heavy resistance with Bond Yield!!!
I am buying it now - good luck. Target = 1.0898
P/S : 'Time' will tell; if we know it well, it suggests where and when.
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