I'm back guys.
After a long consolidation time last week, the price tried to go up but was rejected by the MA system, and it failed to keep the uptrend. With the continued strengthening of DXY, I think it is possible for the pair to go back and test the 0.96800 area.
I'm still holding a bearish view in total, but for traders that also looking in putting short orders, I'd say it is better to put a strict Stop Loss for your short order at around 0.97600 or 0.98000.
Good luck everyone:)
After a long consolidation time last week, the price tried to go up but was rejected by the MA system, and it failed to keep the uptrend. With the continued strengthening of DXY, I think it is possible for the pair to go back and test the 0.96800 area.
I'm still holding a bearish view in total, but for traders that also looking in putting short orders, I'd say it is better to put a strict Stop Loss for your short order at around 0.97600 or 0.98000.
Good luck everyone:)
