We should closely monitor the next price movement, as it holds significant importance. If the price continues the bearish trend from 1.2433 and falls below 1.2310, it would confirm the activation of the bearish trend, targeting 1.2225. However, any reversal above 1.2530, particularly if confirmed by the closing of a 4-hour candle above this level, could lead to a rise toward 1.2624 before resuming a potential decline.
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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.