The pair is trading in a global bullish trend supported by the rising trendline on D1. On the intraday view, the pair is currently trading on a minor bearish trend looking to test the trendline. In my view, the pair will eventually break above the falling channel which will indicate a bullish rally again.
Please do your own analysis before placing any trades.
Cheers and Happy Trading.
Please do your own analysis before placing any trades.
Cheers and Happy Trading.
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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.