Price has formed an inverse head and shoulders around the weekly 76.2 fib level after taking liquidity from previous lower highs. Price made a higher high after breaking 1.27100 and currently seems to be forming a higher low. Holding steadily above 1.26000. Bullish influx expected into 1.29000 area as USD retraces after a big run up.
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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.