The counter is in a descending channel.
It has pulled back to its resistive trendline where the price action is being rejected.
Hence, we expect the pair to move to its supportive trendline from here.
It has pulled back to its resistive trendline where the price action is being rejected.
Hence, we expect the pair to move to its supportive trendline from here.
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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.