The currency has reacted to the ceiling of its channel, and now it is coming down. Given the past collisions with the support line of the channel, this pattern seems to be repeating itself. Traders can place their orders at the bottom of the channel.
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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.