In this holiday season, the liquidity remains minimal which has caused this pair to range in a very narrow pattern. However it seems that the liquidity would return to market eventually soon which might likely cause this pair to rise with the target being the upper end of the long term daily descending channel. With the fundamentals highly in favor of the USD, we can expect the sellers regaining control at 1.14000 to 1.14400 level which should make the price drive down eventually to the levels of 1.11700.
HOW TO TRADE ?
Its advisable to place a SELL LIMIT ORDER with the following instructions at hand
ENTRY: 1.14000- 1.14400
STOP LOSS: 1.17200
TAKE PROFIT: 1.11700
RISK TO REWARD: 1:1
Kindly please perform your own analysis before entering any trade. I hope you found this insight helpful. If you have further questions you are welcome to P.M directly or comment. Happy holidays
HOW TO TRADE ?
Its advisable to place a SELL LIMIT ORDER with the following instructions at hand
ENTRY: 1.14000- 1.14400
STOP LOSS: 1.17200
TAKE PROFIT: 1.11700
RISK TO REWARD: 1:1
Kindly please perform your own analysis before entering any trade. I hope you found this insight helpful. If you have further questions you are welcome to P.M directly or comment. Happy holidays
