As it could be seen on the chart, after the bullish exhaustion, the price has re-entered the channel and touching its bottom line. A decisive break below the line is very probable and therefore the pair enters a bear market. If you enjoyed our analysis, pleas support us with your kind likes. Thanks
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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.