Traders are observing a symmetrical triangle price pattern, with a risk of a breakout to the upside. The recent Non-Farm Payrolls (NFP) data has been positive, which could contribute to a bullish wave
Key support and resistance levels have been identified, which can play a crucial role in determining the pair's movement. Current pivot points are set at 1.3752 (P), with resistance levels at 1.37552 (R1), 1.376 (R2), and 1.3768 (R3), and support levels at 1.3736 (S3), 1.3744 (S2), and 1.37472 (S1)
Key support and resistance levels have been identified, which can play a crucial role in determining the pair's movement. Current pivot points are set at 1.3752 (P), with resistance levels at 1.37552 (R1), 1.376 (R2), and 1.3768 (R3), and support levels at 1.3736 (S3), 1.3744 (S2), and 1.37472 (S1)
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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.