The pair has been in a downtrend and now looks to be slowing down.
Clear lower highs and lower lows being formed.
We can see the price is being squeezed and coming down to a crucial level of 1.56800
Once price breaks out I see a potential 200 pipe trade depending.
Will be watching this over the coming days to see if this opportunity becomes valid
Clear lower highs and lower lows being formed.
We can see the price is being squeezed and coming down to a crucial level of 1.56800
Once price breaks out I see a potential 200 pipe trade depending.
Will be watching this over the coming days to see if this opportunity becomes valid
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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.