When i started to analysis a pair, i always start with multiple time frame analysis. We can see the price fail to close below the 0.5 fibonacci in weekly candle and it become a strong support level. Now the bias has turn to bullish, and we expect the resistance level on 107.380 will become support.
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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.