Price is currently pulling back from the major support trendline, price most likely pullback and test the resistance, if price stays within the downtrend channel the price will continue to fall, at the same time the DXY is also showing signs of reversal in a bearish position. However, there is alot of upcoming USD major news so you can expect high volatility with USD pair..
goodluck
goodluck
Note
long position is over for now, the next target is 1.1728 support level
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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.