
Last week, we mentioned the important trading node of 0.9494, which we expect the price to return from this point, and the price was able to return 50 pips. Currently, the price is in an ascending channel with a low slope, and we expect a price drop if the price breaks the bottom of the channel to the level of 0.9415 and 0.9390. You can think about buying when the 0.9494 level is broken. In this case, the next price target will be the level of 0.9525.




