If you look closely you will see that the previous supportive level failed to become resistance, after breaking the descending trendline it has once again become support. I now expect the price to show signs of rejections here to give us a potential buy entry, let's see how this one unfolds throughout today. If you consider trading any EUR pairs today, please be aware of the interest rate decision in the coming hours.
IG Client Sentiment - 57% Short
COT Data - 72% Short
IG Client Sentiment - 57% Short
COT Data - 72% Short
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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.