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Fundamental analysis: Phase one deal seems do be reached, the market has already priced in this. We are waiting for a hawkish tone between US and China for phase two.
Technical analysis : Strong level created around 1.62 if we see a strong break could go to 1.61 level which is 61.8 fibonacci retracement.
RSI: Just approaching 50% on daily chart if we see a break It will be an extra confirmation for our short position
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Fundamental analysis: Phase one deal seems do be reached, the market has already priced in this. We are waiting for a hawkish tone between US and China for phase two.
Technical analysis : Strong level created around 1.62 if we see a strong break could go to 1.61 level which is 61.8 fibonacci retracement.
RSI: Just approaching 50% on daily chart if we see a break It will be an extra confirmation for our short position
Feel free to visit our website: www.fxtradingservices.com
Instagram: fxtradingservices