Price is reacting bullishly from a demand zone near 2.06400, indicating strong buyer interest. The structure suggests accumulation and potential breakout. A successful hold above this zone may lead to a bullish continuation toward the next resistance around 2.09200.
Bullish Bias: Watching for higher lows and momentum above 2.07200 for confirmation of upside continuation.
Key Levels:
Demand zone: 2.06000 – 2.06400
Resistance target: 2.09200
Breakout confirmation: Above 2.07200
Bullish Bias: Watching for higher lows and momentum above 2.07200 for confirmation of upside continuation.
Key Levels:
Demand zone: 2.06000 – 2.06400
Resistance target: 2.09200
Breakout confirmation: Above 2.07200
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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.