The price formed a bearish Pin bar on a Monday and the price returned back down close to $1.02669 which is daily support level.
The price did not stay for too long because the demand zone around $1.02669 pushed the price up on Wednesday with a strong bullish candle.
We have monthly, weekly and daily time frame suggesting the price will continue to move up.
This move predicts future move to the upside and the next target for this month is $1.07825 as a next resistance for the price.
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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.