Technical Analysis : On the 1-hr time frame the price is bouncing within an ascending channel formation. Our expectation is a lower swing toward the bottom of this pattern. In addition, we have a confluence zone between the daily support and the support trendline at the 1.1057 mark which might cause a move upward to the 1.1119 level, ------------------------------------------------------------------------------------- Trade Idea:
Buy Order @ 1.1057 Take Profit 1 @ 1.1119 Take Profit 2 @ 1.1164 Stop Loss @ 1.1026
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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.