Last week’s invalidation level was clearly broken, confirming the bullish direction.
The bearish sentiment will only return if 1.1249 breaks, and especially if 1.1160 is lost.
For now, as the upward move continues, we expect a 1&2 structure(BASE) to form near 1.1440, leading to higher targets:
1.1620
1.1700
Higher levels are possible, but they’ll be confirmed and shared in future updates.
The bearish sentiment will only return if 1.1249 breaks, and especially if 1.1160 is lost.
For now, as the upward move continues, we expect a 1&2 structure(BASE) to form near 1.1440, leading to higher targets:
1.1620
1.1700
Higher levels are possible, but they’ll be confirmed and shared in future updates.
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.