Turnaround or a third wave
Our pair rose to the level of 1.1480 and then turned around so that we observed a false breakdown of the level. At the moment, further movement in the pair should be taken into account. Despite the Fed raising interest rates, the dollar continues to weaken.
Therefore, it is necessary to wait for a new breakthrough of this level. We advise you to enter the market after confirmation from the technical indicators.
Therefore, it is necessary to wait for a new breakthrough of this level. We advise you to enter the market after confirmation from the technical indicators.
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.