After the news, the price nearly reached the bottom of the higher time frame channel and paused. We need to see whether the price can break into the channel or not. Personally, I don’t think that will happen. I believe a range will form within the marked zone, and then the price will drop further.
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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.