Short term direction: Long
Reasons:
The price movement of the pair, made a bearish move in the past few days. The move stopped at the lowest indicated line, that represents a major support level on the hourly chart as well as on the higher timeframes like four-hour chart and even on the daily chart. As the RSI is reasonable, and the bears are starting to lose their power, we believe that a bullish bounce should happen.
We wish you good luck with your trading!
Reasons:
The price movement of the pair, made a bearish move in the past few days. The move stopped at the lowest indicated line, that represents a major support level on the hourly chart as well as on the higher timeframes like four-hour chart and even on the daily chart. As the RSI is reasonable, and the bears are starting to lose their power, we believe that a bullish bounce should happen.
We wish you good luck with your trading!
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.
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.