In the previous analysis, the decline toward the 0.60 support was accurately predicted, followed by a rebound from the identified zone. After a sharp rally, a corrective move is not unexpected. With the price now approaching the 0.64 supply zone, a pullback toward 0.63 or lower is likely. However, if the 0.64 resistance is broken, the next bullish target would be 0.65, as illustrated in the chart scenario.
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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.