currently price is testing marked trendline which is acting as support level for a decent time if this level price will reverse its trend from here and will hit major resistance level which also has been drawn but if price action follows what it has done twice in the past then chances are that trend will enter in correction phase which is 3rd phase. In all this movement of DXY will play major role if DXY will continue to move upward pair will follow bearish trend and vice versa
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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.