As it can be inferred from the current price development, the price is ranging within the borders of a sideways-moving rectangular box. While from the higher timeframe perspective it looks like the price is testing the area of a previous support later turned into resistance, the bullish pressure, the DXY, the correlated pairs, the economic factors make us believe that the sentiment of the market is rather bullish than bearish.
Thus, we are keeping a close eye and looking into entering long positions and aiming for the two target plotted on the chart
Thus, we are keeping a close eye and looking into entering long positions and aiming for the two target plotted on the chart
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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.