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chekwon78

Building Long positions from 1,100 - 1,090

Long
U.S. Dollar / South Korean (FX_IDC:USDKRW)  
chekwon78  
FX_IDC:USDKRW   U.S. Dollar / South Korean
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
- USDKRW is getting close to reaching the multi decade long support in the 1,100 - 1,090 range
- Price is currently outside the lower Monthly BB band
- Increasing covid cases worldwide, double dip recession in EU, and uncertainty on a smooth transfer of power in the US added to the highest number of Covid cases are brewing the perfect storm for a flight back into USD
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