In the previous analysis, we mentioned the possibility of further decline for this currency pair, and after touching 0.61, we saw some upward movement. On the daily timeframe, after reaching the supply zone and resistance at 0.64, a renewed decline is now occurring. The expected scenario is a break of the 0.61 support and a drop to the historic 0.60 support level.
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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.