When the market broke the support it can for a retest, this retest is to confirms that it has started a trend. The market shows more buy power because of the presence of the bulls in the market. The bulls that joined after the retest level shows possibilities of along buy. The market will sell if it breaks beyond the support level. Lets see how this pair plays out.
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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.