Watching Momentum Higher
Price in this pair is hovering just below a major daily chart resistance level.
As the daily chart shows, this level has been holding as a major resistance all of this year.
Price has now formed a new higher low and looks like it could be building to make a serious attempt at breaking out higher.
A breakout higher would be preferred in this pair because price has been ranging and moving in a sideways pattern for months on end.
As the daily chart shows, this level has been holding as a major resistance all of this year.
Price has now formed a new higher low and looks like it could be building to make a serious attempt at breaking out higher.
A breakout higher would be preferred in this pair because price has been ranging and moving in a sideways pattern for months on end.
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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.
Related publications
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.