The US30USD is currently experiencing a notable pullback, presenting an intriguing opportunity for a favorable risk-reward buying position. The breach of the downtrend trendline is a significant development that may indicate a potential reversal in the short or even long-term trend.
Our analysis suggests that we could witness a swift ascent toward the 78.6% Fibonacci resistance level.
Our analysis suggests that we could witness a swift ascent toward the 78.6% Fibonacci resistance level.
Trade closed: target reached
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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.