I suggested selling the pair last week at 0.8240; however the pair hasn?t reached my limit
Pepperstone
I suggested selling the pair last week at 0.8240; however the pair hasn?t reached my limit. I would cancel this recommendation and wait to see how things materialise from here; especially given the ten-day RSI has printed a higher high, while price has printed a higher low. This could indicate a reversal as such; however both the current fundamental and technical picture still suggests selling on rallies. The pair will be in play today with Eurozone current account at 20:00 AEST, UK CPI (expecting no change at 2%) at 20:30 AEST and the ZEW business survey.
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...