The pattern looks good for a move lower with limited upside risk for now (unless something drastic will happen).
The turning of buying pressure is changing and we are peaking on that front. This suggests the following strategy:
SELL current 4.44-4.45 and place stop-loss above 4.60. The profit order can be somewhere 4.25 or lower. I see in fact larger adjustment downwards.
As a note, the pair should benefit from extreme RUB strength, which I cannot explain.
The turning of buying pressure is changing and we are peaking on that front. This suggests the following strategy:
SELL current 4.44-4.45 and place stop-loss above 4.60. The profit order can be somewhere 4.25 or lower. I see in fact larger adjustment downwards.
As a note, the pair should benefit from extreme RUB strength, which I cannot explain.