Price has been consolidating after that bullish trend, making higher lows. It's currently touching that dynamic support on daily timeframe and has been consolidating mostly between 1.18 and 1.19, with a few breaks up to the major resistance of 1.20. My opinion is that we can at least expect a bullish move up to 1.20 at the moment. There's also a possible bullish flag as the resistance of 1.19 keeps on being under pressure due to the higher lows.
What are your thoughts?
What are your thoughts?
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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.