For a number of reasons indicated on this monthly chart, the rally in this pair has likely ended. Next month is the 21st month since the high, so it will likely be an ecceleration point. Downwards, I believe.
Komentar
geometricThinking
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This forecast now seems mistaken. The shorter term charts seem to suggest my bearish position was in error. I now think a long position is a better bet. Apologies.