A couple of months of consolidation has held this pair above 1.19000 however it may have failed to break higher at the first hurdle. This could initiate short positions however I believe we may want to push slightly higher (1.28529) before resuming the downtrend
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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.