The technical structure on daily chart is still very interesting, our short term setup has been corrected (see chart below), but now the pair is approaching an important long term resistance around 0.6880 area. That said, we still don't rule out some bullish consolidation in short term, but once the impulsive structure on 1H chart is completed, we expect an interesting corrective structure.
OUR SHORT TERM ANALYSIS SETUP
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Like 🚀 if my analysis is useful.
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OUR SHORT TERM ANALYSIS SETUP
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
Note
🔴 Our resistance seems to be working properly...
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Related publications
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.