On this pair, we have a resistance zone at level 0.896, a truly strong area in which the price has already generated over 3 false breakouts. My analysis suggests a short opportunity starting from the highest supply level, or in case of Swiss franc strength, I foresee a long opportunity if the price reaches the 89.00 psychological level and the lowest demand zone.
Let me know what you think in the comments.
Have a nice trading.
Forex48 Trading Academy
Let me know what you think in the comments.
Have a nice trading.
Forex48 Trading Academy
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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.
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.