long positions above 1.0430 with targets at 1.0460 & 1.0470 in extension.
Alternative scenario: below 1.0430 look for further downside with 1.0415 & 1.0400 as targets.
the RSI lacks downward momentum.
Dont be fooled to take any short positions at least not before the end of the year. Wait to take a better position to jump on the short side. Targets like 1.0500 or even 1.0600 dont mean the downtrend has finished they mean better situation to get short !!
Alternative scenario: below 1.0430 look for further downside with 1.0415 & 1.0400 as targets.
the RSI lacks downward momentum.
Dont be fooled to take any short positions at least not before the end of the year. Wait to take a better position to jump on the short side. Targets like 1.0500 or even 1.0600 dont mean the downtrend has finished they mean better situation to get short !!