On the H1 time frame, prices are approaching the support zone at 130.80, in line with the Fibonacci confluence levels where a throwback to this zone could present an opportunity to play the bounce. Stochastic is approaching support at 2.73 as well, supporting the bullish bias. Failure to hold above the support zone at 130.80 could see prices push lower to test the support zone at 129.50.
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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.