Hello traders, a few thoughts on this pair. As I anticipated in my previous analysis, this pair is drifting between 1.23-1.26 for now. I have opened several long positions already and closed all shorts. It looks like this pair is in process of accumulation for next move to 1.28. From fundamental perspective, I don't see any signs to be bearish about this pair, since if we have severe outbreak of COVID it will be in favor of USD and would hurt OIL. If more good news about US economy, especially about employment, it will continue to put more pressure on FED. For now it looks to me win-win situation for USD. I hope we would have maybe one more opportunity to buy this pair around 1.24-1.23.
