After failing to break above 1.147, the price formed a nice top and dropped all the way down till 1.13 zone of support aligning with 50% Fibonacci retracement level in order to complete the correctional move of the previous impulse. We are now patiently waiting to open BUY positions at a good zone and aim for the area illustrated on the graph.
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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.