A strong bullish trend, marked by a series of higher highs and higher lows. Price hits resistance around 1.37800 and fails to break higher. After that a range/consolidation forming with small candles between 1.37000 – 1.37800. Sellers start stepping in, and momentum shows weakens of the trend. Neutral to slightly bullish in the very short term due to the latest recovery ,
Resistance: 1.37400 and 1.37800 (need a break above this for bullish continuation).
Resistance: 1.37400 and 1.37800 (need a break above this for bullish continuation).
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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.