The pair is currenly challenging the 1.31 region. If the H4 candle close below it the pair will continue its downward move. If it fail, there's a chance the pair is caught in a newly formed range and would retest the resistance at 1.3125 region.
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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.