As it can be observed from the setup, the price started forming a top after reaching a zone of resistance around 1.225. From here, we are expecting the price to act according to our analysis and keep dropping. Our target is set around 1.2
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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.