The pair ended a cycle up in wave ((A)) from the 9/3/2019 lows at 1.3519 where the hourly is turning down. While a bounce fails below there it can see a pullback correct the cycle from the 9/3/19 lows. While it shows it will remain above the 9/3/2019 lows where the 4 hour right side is up it can see another swing higher in the correction of the cycle lower from the 7/15/14 highs.
Weekly Buying Area.
1.2550-1.2500
target: 1.3500-14000
Stop Loss: 1.2350
Good luck !
Weekly Buying Area.
1.2550-1.2500
target: 1.3500-14000
Stop Loss: 1.2350
Good luck !
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Related publications
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.