Pair’s failure to close below the critical support of 1.2132 on Tuesday followed by a sharp rally to 1.2309 on Wednesday indicates a temp low is in place and the spot could test 1.2346 (Feb 7 low) and 1.24 levels.
The 5-DMA and 10-DMA bullish crossover also suggests the dips to these averages are likely to find new buyers.
The 5-DMA and 10-DMA bullish crossover also suggests the dips to these averages are likely to find new buyers.
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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.