I made mention of the 97.65 as a resistance to a friend in the Forex public chat on Monday. With this in my mind, i completely do not place any position (shorting USD against other) but still held some little risk in longing USD against other currency.
Not until the trend (Purple) is being tested and rejected as support, will it catch my attention for shorting USD over other currency.
Not until the trend (Purple) is being tested and rejected as support, will it catch my attention for shorting USD over other currency.
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I might be wrong about the resistance, but still the same downside i was expecting. Catch up on my next update soon.