Price just formed an inverse head and shoulder pattern in daily timeframe. Technically, this validates a chance of seeing more bullish price action development. Next resistance will be at 97.333 The higher timeframe (monthly) remains bullish so we’re expecting more of the bullish trend to continue.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.