Rising wedge, downwards break
TA indicates a bounce off the slanted support line, followed by a 'fake out' to the 1.0000 region, as before. This would be a good time to open up a short position.
We should then see a sell down to the 0.97500 region (and possibly below). Remember to keep in mind the retracement areas to take some profit and/or re-enter.
We should then see a sell down to the 0.97500 region (and possibly below). Remember to keep in mind the retracement areas to take some profit and/or re-enter.
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