Though the long term outlook is bearish, there are signs of a short term bullish correction targeting the 1.36 region. On the 4HR we have a change of character (choch) and break of structure (BOS). We anticipate a move to the downside targeting the unmitigated zone to pick buy orders then resume the bullish correction.
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.