The support level of the rising channel has been respected and the H4 bearish trendline, broken with a bullish impulse. The projection of the 61.8% Fibonacci retracement takes price to a H4 higher high above the 1.29177 area. Price may show some consolidation near the D1 indecision before continuing to the overall profit area.
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.