The larger market structure is still bearish. The pair has touched the daily high (red order block) and reacted pushing the pair downwards. It is yet to mitigate the fresh order block within the bullish order block. Thereafter we are expecting a pullback to the upside before bearish continuation.
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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.