Price broke the Descending Trendline and the Resistance Zone, and right now it is on a corrective structure of the previous impulse, making a pullback to the broken zone. We expect price to move upwards to the first Fibonacci Extension level at 1.272.
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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.