The strong momentum move against the resistance at about 1.08 has a good chance to get rejected.
Note
I don't believe in a false breakout anymore. The upper end was sucessfully tested with anoter momentum move up.
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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.