Main Items we can see on the chart:
a) The price has faced a resistance zone and now we are observing a reversal movement
b) The current level is a critical zone because this reversal movement can be either a correction for further bullish moves or the beginning of a new bearish trend
c) SHORT SCENARIO: If the price breaks below 1.06 the next bearish target will be 1.03
d) LONG SCENARIO: If the price breaks above 1.09 the next bullish target will be 1.11
a) The price has faced a resistance zone and now we are observing a reversal movement
b) The current level is a critical zone because this reversal movement can be either a correction for further bullish moves or the beginning of a new bearish trend
c) SHORT SCENARIO: If the price breaks below 1.06 the next bearish target will be 1.03
d) LONG SCENARIO: If the price breaks above 1.09 the next bullish target will be 1.11
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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.
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.