This chart is actually quite important. I take a look at it all the time.
It would be quite interesting when it starts to fall, ever so slightly at first, just below the EFFR.
We also need to understand which arrow is the BIGGER one. The green or the RED. This can easily answer which is the bigger POTENTIAL :)
Good luck.
P/S : DO not just believe what I say. Use your common sense.
If we look at the chart of most FX pairs, try not to look at the price action. Instead, look at the movement in volume. What I can see is that the MARKET is checking out if there are anymore BUYERs of risky assets. We can see it is running out of buyers, i.e. suckers. What lies ahead is easy to figure out.
It would be quite interesting when it starts to fall, ever so slightly at first, just below the EFFR.
We also need to understand which arrow is the BIGGER one. The green or the RED. This can easily answer which is the bigger POTENTIAL :)
Good luck.
P/S : DO not just believe what I say. Use your common sense.
If we look at the chart of most FX pairs, try not to look at the price action. Instead, look at the movement in volume. What I can see is that the MARKET is checking out if there are anymore BUYERs of risky assets. We can see it is running out of buyers, i.e. suckers. What lies ahead is easy to figure out.
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