After a sharp uptrend, the price has stabilized above the support zone between 1.0832 and 1.0767.
We anticipate that the price will rise toward the resistance level at 1.0918. Upon reaching this level, a corrective movement is expected before the price attempts to break through the resistance, continuing the upward trend.
However, if the price breaks below 1.0832, it is likely to continue its bearish trend, targeting 1.0767.
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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.