This looks like a bearish market, as price is currently in a downward channel heading towards the 1.32500 / 1.32000 price/support level.
The market has completed a retracement to the 78.6% Fib level and is now headed to the downside.
The market has completed a retracement to the 78.6% Fib level and is now headed to the downside.
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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.