The price has hit the weekly resistance and has been pushed back by that resistance. This weekly resistance level was shared in one of the earlier charts for this pair describing all the resistance and support levels. The price is currently trading at 4h support zone 4HS1. I think a long is favorable from here towards the weekly resistance with a target of 8.86.
Trade closed: target reached
The price has hit the weekly resistance and also our target of 8.86. On hitting that weekly resistance once again, the price was pushed back down. Anyways this trade is concluded within expected time frame. Lets look for another setup on this one.
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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.