The price has touched the major just recently. Should the levels hit the 1.19 again we may possibly see a pullback to the downside. This also means a decent chunk of profits we can expect. Please wait for the price to retest and give us more information before actually shorting a position.
We have seen the recent low GDP, high unemployment, and COVID cases continue to rise in the States. Which also means the dollar will continue to weaken. Fundamentally it should be a long call. Do take note of its fundamental aspect.
Do your own due diligence
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