On the daily chart, an interesting potential bearish head and shoulders formation is developing. If confirmed, it could lead to a downward move, completing a minor degree wave iv before resuming the broader uptrend.
I expect prices to retrace towards the 1.1204–1.1105 area.
I expect prices to retrace towards the 1.1204–1.1105 area.
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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.