This pair has been in a downtrend since July 21st, but after approaching the important $9.8 level, the price has failed to break below it on three separate attempts.
Below that, there is a very strong buyer zone between $9.5 and $8.9. If this zone is tested and we see a reaction from buyers, we will consider a long position.
This publication is not financial advice.
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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.