DislikedAJ - This is a tough one for me.
We are currently trading at the monthly longest line around 99.23. This area reflects consensus value for this pair. A move up from this level will target 101.03. Notice the unbalance top of this monthly curve. It is a shelf almost which indicated there is some HEAVY supply in the market at these upper levels.
I would be on the sidelines with this pair until it moves to the next level and builds value. My bias is for a move down towards ADV but it is not clear. Aggressive traders can play shorts below current levels for a move down to ADV.
Make a note to ask me about this after another day of trading and let's take a look.
Ignored
Aj has to me closed the day or the players on the long side, has your view settle in favour of the bull or the bear.
MPP