There is a base on the daily chart between 1.2337 and 1.2037, which gives us an upside target to 1.2637.
Market is looking pretty directional and there is a risk of an overshoot, the August high, 55-month ma and 200-week ma all lie between 1.2819-1.2850 and we would allow for some profit taking in this vicinity if seen.
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Market is looking pretty directional and there is a risk of an overshoot, the August high, 55-month ma and 200-week ma all lie between 1.2819-1.2850 and we would allow for some profit taking in this vicinity if seen.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
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