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Looking at this pair on the daily chart, it is clear to see that we are still stuck in a massive wedge that is symmetrical, meaning that there is no real clear bias in one direction or another.
Even with Tuesday’s bullish candle, there is a wick in the upper reaches of it that coincide with the super spike we see on the 4 hour chart, signaling a possibly slow drift downward. No trades should be considered until the wedge is broken, giving us a new trend direction.
