The price broke out on Monday with a small bullish candle which continued for the next two days.
The price managed to reach the first small supply zone around $1.00570 and then stopped.
For the next week we need to wait for the price to make its way outside of the indecision area like this week.
If the price breaks out to the downside and the second candle closes below the first candle it will be indication of bearish pressure and price will mode to $0.96716 support level.
The price managed to reach the first small supply zone around $1.00570 and then stopped.
For the next week we need to wait for the price to make its way outside of the indecision area like this week.
If the price breaks out to the downside and the second candle closes below the first candle it will be indication of bearish pressure and price will mode to $0.96716 support level.
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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.
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.