Price has been consolidating in the daily demand zone and has now formed an inverse head and shoulders pattern. Currently rejecting downside on the 1hr. Bullish retracement likely to retest 1.32000 and potentially higher.
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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.