The counter is currently in a strong downtrend.
It has pulled back to a confluence of resistance levels.
One- price action resistance zone.
Two- Bearish trendline.
We expect these levels to cap bullish rally and nudge the pair down.
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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.