In this pair, we have the technical figure Channel Up. The Channel Up has broken through the support line on 18/06/2021. Forming a bearish formation on a daily chart. If the price holds below this level we will have possible bearish price movement with a forecast for the next 55 days with a target of 130.00. Our stop loss order should be placed at 134.06 if we decide to enter this position.
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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.