A reversal may be imminent, the price has tested a key monthly zone after extending to the highs for several weeks with no major pullback as of yet, daily candlestick behaviour is showing rejections at this zone, this may be a distribution level at which orders are being filled for downside push. Short term target is 0.88000 which is a key level also with daily MA acting as support.
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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.