The pair is as usual not moving much and this is the behavior of a managed float and costly exercise for the authorities.
The over all picture is, we may see little higher at first, i.e. 18.50-19.00 to satisfy the lower RSI and higher high scenario of negative divergence. Overall, I would prefer short and maintain it and add at certain selected intervals.
The likely event is for a decline medium-term, and long-term to an objective of 11.50 (slightly adjust now).
The over all picture is, we may see little higher at first, i.e. 18.50-19.00 to satisfy the lower RSI and higher high scenario of negative divergence. Overall, I would prefer short and maintain it and add at certain selected intervals.
The likely event is for a decline medium-term, and long-term to an objective of 11.50 (slightly adjust now).