EURO / INDONESIAN RUPIAH
Largo

EUR/IDR

308
The long-term wedge has broken to the upside. Within the wedge there was a strong push to the downside, and failed, this breakout has therefor stronger significance and momentum.

Given that there's political unrest within Indonesia, I do believe that the fundamentals for weakening Indonesian Rupiah are still present. Especially while the current president remains elected, given his past political history and undertakings.

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