Price has broken the descending trendline after bouncing from the significant 0.70 level, a strong bullish indication. We're looking for support to form around the fibonacci golden pocket & to trade upside from this zone.
Last week poor inflation & consumer confidence data dampened the USD. We are looking for price to retest support, and are looking for upside.
Last week poor inflation & consumer confidence data dampened the USD. We are looking for price to retest support, and are looking for upside.
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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.