The force of the down trend doesn't allow for too much of a deviaton to the upside. The key resistance level of 1.444 looks like it's going to act as a strong resistance. However, the ongoing correction is expected to run out of steam at about 1.436-1.438. That's where the first shorting opportunities will probably emerge.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
