The price has found resistance at around 0.72. We are now waiting for the price to form a beautiful double top formation, before we can launch short positions and aim for the 0.7 area of previous resistance turned support, which aligns with 0.618 Fibonacci retracement zone
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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.