After hitting key resistance, this pair had a huge bearish engulfing pattern, which is a sign of bears stepping in.
With the US Dollar Index also hitting a roadblock, it seems like we will see a temporary (or long-term?) decline in the USD, at least till the NFP later today.
I would rather be short than long at this point of time.
With the US Dollar Index also hitting a roadblock, it seems like we will see a temporary (or long-term?) decline in the USD, at least till the NFP later today.
I would rather be short than long at this point of time.
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