The counter is currently in a long-term bullish correction mode.
It has completed it wave A and currently in its final leg of wave B, as indicated in the chart.
Further, it has broken down a critical support level 0.67900, which is set to cap any bullish move.
Hence, we expect the pair to be bearish in the near-term.
It has completed it wave A and currently in its final leg of wave B, as indicated in the chart.
Further, it has broken down a critical support level 0.67900, which is set to cap any bullish move.
Hence, we expect the pair to be bearish in the near-term.
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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.