The price has been able to break below the 1.245 level of support. However, from the looks of it, it is having some difficulties holding below that level. The 1.3 level of previous support later turned resistance remains as a zone that we have our eyes on. If the price manages to form a right shoulder as illustrated on the graph, we will aim towards going and targeting the level pictured on the chart.
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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.