When it comes to this pair, we've been trading on a tight range market for 6 weeks, which is what we call a FAIR VALUE OF PRICE. This is the part where investors and investors are coming to an agreement that the current price is simply good for the pair at the moment, until the big guns come into play with their huge capital to take an initiative and move the price where they want to, will this NFP event move the price lower or higher than this. For me, because we've been trading on a downtrend I think my target will be 1.08 at the moment.
But we remain neutral until the market comes to us.
But we remain neutral until the market comes to us.