At the moment we are seeing a correction for the pair. And this is a great time to enter long positions on this instrument. Given the current trend, the last candle is more corrective than reversal, so we believe that technical indicators will not turn around for a sell signal.
The correction may lower the pair to the level 1.1510, after which we expect the resumption of the upward movement. Therefore, we advise you to enter the market for long positions, starting from levels 1.1510, 1.1520. Consider the marks near the 1.16 and 1.1660 levels as your targets.
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.