The market is going to break out from the horizontal channel and start a new upward movement. DMI confirms trend market conditions and the power of buyers. MACD supports upward movement. Pending orders for buy can be placed above the up border of the price channel. It's 0.215000 level. Stop orders must be placed below the uptrend line and the nearest swing low at 0.195000 level. Profit targets are 0.260000 and 0.300000 resistance levels.
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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.