Prices are extending gains within a 3 leg structure which still has potential of further extending gains towards 1.61. However, 1.61 is a crucial level to watch out for as that is the prior swing top and prices are likely to reverse from there for medium term. So it is better to book profits for longs and wait for a reversal confirmation to sell for medium 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.