In the short term, I predict a bounce back to the trendline as we sweep some liquidity around this current location. If/When we break the 155 support, we will hit a minimum of 140 and even lower. This is an idea. If you agree with the fundamentals of the chart you can follow my trade.
Short-term target with price reversal from 1.55 Target 1 - 159 Target 2 - 161.500 (I will look for a reversal and short from this location)
Price target with price breaking below 1.55 support zone Short Term Target - 140 Mid Term Target - 135
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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.