As can be seen from the chart, the old uptrend was broken, retested, and rejected. The pair will continue to fall within the downtrend. We may seem some spikes here and there on news but overall, I believe it will be a slow bleed down.
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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.