Simple Wave Analysis for the pair. We can see that it has broken through the major upper trendline and has already retraced signficantly to come back and retest the broken level. As you can see from the channel I have drawn the pair is already facing weakness as far as bullish momentum (Plus the Stochastic indicator is in overbought conditions) which is why I expect it to go down even further. My ideal prediction by the 1st of Nov would be that it will be ranging in the 1.40xx - 1.41xx levels. T…
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