The counter has formed a double top pattern.
The price also fell below a critical price action support level which is capping bullish rally now.
Hence, we expect the pair to trade with bearish bias in the near-term.
The price also fell below a critical price action support level which is capping bullish rally now.
Hence, we expect the pair to trade with bearish bias 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.