Price is delivering to discount market on the daily range. I still thing this pair is still a Premium market and my bias is bullish. Price is in a deep discount on the hourly and its likely to see that Price would gravitate to the 50% 171.501 for the weeks high target.
I suspect that Price could lower to the sell stops 167.516 level before potentially seeking the 50% equilibrium for the weeks high target.
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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.