This pair has been flirting with the 1.2 level for the last couple of days, this will introduce a heavy amount of sellers into the market considering it a strong resistance. In reality, price is likely to purge the liquidity holding above the zone before it considers any sell-offs. Our team has been buying this pair aggressively for weeks resulting in a nice amount of profit, we will be looking to continue the bullish trend over the coming days.
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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.