It is mostly confirmed that the short-term trend has turned more favourable to the bulls.
The price faced strong resistance after it attempted to break above 1.1215 together with the falling trendline.
The day closed with a long upper shadow yet there's no sign of sellers today even as we are already entering into the euro session.
If the seller has shown no interest at the current price, it would simply mean that they are still waiting for a higher price to sell.
Wait patiently for the price to retrace lower again towards the supply turned demand zone to buy again.
The price faced strong resistance after it attempted to break above 1.1215 together with the falling trendline.
The day closed with a long upper shadow yet there's no sign of sellers today even as we are already entering into the euro session.
If the seller has shown no interest at the current price, it would simply mean that they are still waiting for a higher price to sell.
Wait patiently for the price to retrace lower again towards the supply turned demand zone to buy again.
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Related publications
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.