Technically we can appreciate a potential sale, the price has already rebounded in the upper resistance. In turn, its great correlation with the Eurusd
, could be lost, since that pair would also have an upcoming decline, however, as indicated in the previous analysis, the eurusd
may well go for its next ceiling, which would guarantee the fall of this pair. So, technically there is a short in this pair, in addition it would be backed by a potential rise in the eurusd
, since the relationship is reverse. There could be a big drop
, but I think that a close target like it is at 0.94, is already a good route to make a good profit.
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