The pair has been trading inside a bullish trend, supported by a rising trendline. It recently hit a strong key zone which it failed to break so far. If the price keeps rejecting from this zone and subsequently breaks the supporting trendline, it will be an indication of a bearish movement.
Please do your own analysis before placing any trades.
Cheers and Happy Trading !!!
Please do your own analysis before placing any trades.
Cheers and Happy Trading !!!
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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.
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.