The pair has been sliding down gradually over the past few weeks. It has entered the daily order block (red line). Possibilities of a bullish move could be found below the orange-ish line once it completes clearing the imbalance in the order block
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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.