Looking at this pair, I can determine that it will continue moving in it's tunnel respecting it's retracements but will wait for the next retracement before entering. So far it broke the 61.8% fibb level, so now we are looking for the 50%. The dollar index is near a support level, so expecting a bounce back after a small drop, will take the bull retracement for 50 pips and then go for a 100 pip trade. Trade small on this pair, due to it's low volatility.
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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.