we have been monitoring the pair from a bigger time frame to spot the long term direction. as indicated on the chart, a downside is only expected upon breaking the lower high neckline support.
with the upcoming elections, our bias could be confirmed or voided. USD/xxx pairs are showing signs of a bullish momentum, if this is correct a sharp decline will be seen on xxx/USD pairs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.