The pair is consolidating
On the chart, we observe that the pair has broken through the average level of the ascending channel and is consolidating near this level. The pair went down to the level of 1.3045 from which it has already won back more than 30 points.
Given the general upward trend in the pair and the indications of the technical indicators, we believe that the upward movement will continue. Therefore, we advise you to take long positions in the pair and consider the marks near the 1.31 and 1.3150 levels as your goals.
Given the general upward trend in the pair and the indications of the technical indicators, we believe that the upward movement will continue. Therefore, we advise you to take long positions in the pair and consider the marks near the 1.31 and 1.3150 levels as your goals.
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