Any long trade now will be to test 1.0879. If that happens, weak shorts might capitulate, causing acceleration of long trade through stop losses and nervous shorts, as well as profit taking from longer term short holdings.
Yes. Soon 1.0958 comes into the picture, followed by 1.1065, and that rally could still leave the down trend intact...
Yes. Soon 1.0958 comes into the picture, followed by 1.1065, and that rally could still leave the down trend intact...
Gone to a better place
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