Our pair reached the most significant resistance level after 2 weeks of strong bullish power. I expect strong rejections on the zone and retracement to the closest to us Fibonacci level which is 38.2%.
After that, our next target would clearly be the 70.xx psychological level, which includes high volatility.
After that, our next target would clearly be the 70.xx psychological level, which includes high volatility.
Trade closed: target reached
First target reached. Sentiment remains short.
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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.