We’ve all witnessed how GU went further down against USD with a 4% decrease, making it a historic low since 1985. This chart is purely based on TA so as you can see, a massive Liquidity Sweep was done and from said demand area, I am expecting it to hit around 1.1400 to produce an uptrend, which is badly needed by this currency. My target is 0.618 of the Fibonacci before a further descent down (if it does happen).
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.