bulls are trying to push the price above the downtrend line. If they succeed, the pair could again rise to $1,000. If the price turns down from the downtrend line, the bears will make one more attempt to sink the price to the 50-day SMA ($629).
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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.