The counter is currently in a descending channel formation.
It is at its upper parallel now facing stiff resistance.
Hence, we expect the pair to move to the lower parallel for now.
It is at its upper parallel now facing stiff resistance.
Hence, we expect the pair to move to the lower parallel for now.
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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.