The daily chart is a RANGE only with resistance 13.85 and if broken for any meaningful upwards move.
The weekly chart is MID WAY and we have FIB. supports and resistances to play with (as shown).
Judging MONTHLY CHART and WEEKLY CHART it feels we should be on SELL side, even if it moves little higher, these are ADDING levels only. I suggest SELL 13.50-15.50 range for a corrective move to 10.50. The MONTHLY chart has had no correction really, and the RSI of 86.0 is very overbought, and usually we need the RSI to go back to 60.0 or lower to relieve the pressure.
the market is for that reason still LONG USD and an objective of 10.50 or lower 9.50 is still very much on the cards from a medium-term prespective. short-term we have no specific direction for now.
The weekly chart is MID WAY and we have FIB. supports and resistances to play with (as shown).
Judging MONTHLY CHART and WEEKLY CHART it feels we should be on SELL side, even if it moves little higher, these are ADDING levels only. I suggest SELL 13.50-15.50 range for a corrective move to 10.50. The MONTHLY chart has had no correction really, and the RSI of 86.0 is very overbought, and usually we need the RSI to go back to 60.0 or lower to relieve the pressure.
the market is for that reason still LONG USD and an objective of 10.50 or lower 9.50 is still very much on the cards from a medium-term prespective. short-term we have no specific direction for now.