The currency pair currently in one of the strongest trends. Very likely to reach the sliding parallel ( SP ) at about 1.16, and then perhaps 1.11 as well. This market may soon retrace to the large-scale 61.8% level.
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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. The presented set-ups are not solicitations of any order to buy or sell.
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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. The presented set-ups are not solicitations of any order to buy or sell.
Good luck!
In my opinion the trend is as strong that it will prevail even unless 1.25 are not broken again. I realized that this is in line with your resistance zone. Good study!