The pair made a rather wide retracement from its December 2019 high. It almost reached a 0.5 on the Fibo measurement tool and so has given bears green pips. But does not exhibit conclusively that the bullish trend that developed in December finished.
Note
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The price could make a move towards 1.1140
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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.