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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Pepperstone

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