After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase.
It is now at a strong price action support zone and at the final stage of wave A.
Hence, we expect the pair to be bullish in the near-term.
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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.