Foorecost Based on chart
Support level around 1.2990 marked with yellow box
Resistance level around marked with yellow box
Pattern and projection
Price appears to be consildation near support.
A potential is broken, fruther upside movement could be expected .
Conclusion
The bais bullish if support holds with a target of 1.3060. A breakout above that level could lead to a stronger upward move, while a drop below support may trigger pullback.
Support level around 1.2990 marked with yellow box
Resistance level around marked with yellow box
Pattern and projection
Price appears to be consildation near support.
A potential is broken, fruther upside movement could be expected .
Conclusion
The bais bullish if support holds with a target of 1.3060. A breakout above that level could lead to a stronger upward move, while a drop below support may trigger pullback.
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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.