The price is currently testing the area of previous support now turned resistance that lines up with 50% Fibonacci retracement level. We are patiently waiting for the price to form a nice top around this local zone before we can go short and aim for the 1.0807 price mark (previous Lower Low).
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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.