After last week two trades were stopped we are slightly wary regarding this pair. We are still expecting a pull back to where the ascending and descending trendline cross. This is a strong level of previous support and resistance. We will wait to see how the market reacts to this zone before looking to enter.
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Related publications
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.