I suggested selling the pair last week at 0.8240; however the pair hasn?t reached my limit
Chris Weston
Pepperstone
I suggested selling the pair last week at 0.8240; however the pair hasn?t reached my limit. I would cancel this recommendation and wait to see how things materialise from here; especially given the ten-day RSI has printed a higher high, while price has printed a higher low. This could indicate a reversal as such; however both the current fundamental and technical picture still suggests selling on rallies. The pair will be in play today with Eurozone current account at 20:00 AEST, UK CPI (expecting no change at 2%) at 20:30 AEST and the ZEW business survey.
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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