The pair has generated a bearish wedge in the resistance zone , the persistence in the press that the dollar is very strong and will continue to be, makes it more likely that a technical correction will occur, and that this will allow the pair first go back to 13.40 and then to 13. Each time the pair reaches 13.90 it is rejected, even producing a false break last week.
This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative information .
This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative information .