Technical
The price has touched the major resistance level just recently. Should the levels hit the 1.19 resistance level again we may possibly see a pullback to the downside. This also means a decent chunk of profits we can expect. Please wait for the price to retest and give us more information before actually shorting a position.
Fundamental
We have seen the recent low GDP, high unemployment, and COVID cases continue to rise in the States. Which also means the dollar will continue to weaken. Fundamentally it should be a long call. Do take note of its fundamental aspect.
Do your own due diligence
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The price has touched the major resistance level just recently. Should the levels hit the 1.19 resistance level again we may possibly see a pullback to the downside. This also means a decent chunk of profits we can expect. Please wait for the price to retest and give us more information before actually shorting a position.
Fundamental
We have seen the recent low GDP, high unemployment, and COVID cases continue to rise in the States. Which also means the dollar will continue to weaken. Fundamentally it should be a long call. Do take note of its fundamental aspect.
Do your own due diligence
For more content follow me on TradingView
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