The price has pierced through the upper band of the descending channel. As long as it stays above the formation, 6.3100 and 6.3500 levels will be the next targets. 6.4300 will act as a strong resistance. If the price retraces into the formation, 6.1300 and 6.0600 will be on our radar. The precinct of 5.8700 will be the next target.
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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.