The pair is approaching a good level at the 200 SMA and both trend lines converging on the same spot after a small H&S pattern. An impulsive break lower could take us to the 38.2% retracement.
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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.