The currency pair is in a wide range, in consolidation. Relative to the lower boundary of the range, the price makes a false breakdown and liquidity capture, which may lead to a correction to 0.5 of the range, or to resistance
Price consolidation above 1.775 and formation of local reversal pattern may affect further growth (global trend is bullish, locally - correction). The fundamental background is unstable, but the dollar index is still in correction after a strong fall....
Resistance levels: 1.7855, 1.7987
Support levels: 1.775, 1.7695
If the bulls hold the defense above the key support - the lower boundary of the trading range, the currency price may bounce up and head for the liquidity accumulated above the resistance....
Regards R. Linda!
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🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.