Price has extended into a major weekly resistance zone after a strong impulsive move. With momentum slowing, we anticipate a corrective pullback toward the 1.73400–1.75000 zone. We'll be looking to take advantage of this move, as it could present both short-term sell opportunities and a clean re-entry point for the overall bullish trend continuation.
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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.