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Trading in a triangle , below EMA 50 and the cloud. I keep my bearish bias on the pair and my midterm targets are 1.11000 and below as mentioned before. I have explained the fundamental reasons before and there is no change.
An intraday long opportunity may occur at the break of 1.13500 targets will be 1.13800 and 1.14100. A clear upside breakout of the triangle may carry the pair 1.15100 – 1.15300 region. ( Which fundamentals can give the market this opportunity ? No answer )
Brexit… Brexit… Brexit…
I have published my intraday idea.
I will wait for the clear breakou tof 1.28800 hurdle to enter the real “Cable Bulls” game.
Focused on OPEC meeting and decision. Droped and tested the broken trend line. No “Supply Cut” deal concerns. I will publish a detail forecast tomorrow.
I will continue with JPY and CAD..
The BoC’s Governor Poloz will deliver an Economic Progress Report at 8:35 ET as a follow-up to the December meeting and will be a key event for today’s session. This event and market’s reaction will determine CAD’s new midterm direction.
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