2020/06/09 - 09.20 AM
Our preference: long positions above 1.1270 with targets at 1.1320 & 1.1345 in extension.
Alternative scenario: below 1.1270 look for further downside with 1.1230 & 1.1195 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Trading foreign currency exchange and Crypto Exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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