Price is consolidating between 1.1430 and 1.1485, forming a range near previous value areas.
A breakout is likely imminent. Watching for:
📈 Bullish scenario: Break and retest of 1.1490 → targeting 1.1570 supply zone.
📉 Bearish scenario: Sweep of 1.1430 lows with strong volume → targeting 1.1370 demand.
Volume is decreasing, RSI under 40, and we’re sitting at the mid of a low-volume node → stay patient and reactive, not predictive
A breakout is likely imminent. Watching for:
📈 Bullish scenario: Break and retest of 1.1490 → targeting 1.1570 supply zone.
📉 Bearish scenario: Sweep of 1.1430 lows with strong volume → targeting 1.1370 demand.
Volume is decreasing, RSI under 40, and we’re sitting at the mid of a low-volume node → stay patient and reactive, not predictive
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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.