The pair is in an uptrend, having successfully broken through the daily trend line and completed a retest. I'm anticipating a second retest around the 162.450 level, which could form a double bottom 'W' pattern. If this pattern confirms, our target would be 165.205, with a stop loss set around 162.034 to manage risk.
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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.