As we suggested earlier the counter is in an ABC correction and pushed down at the resistance zone.
NOw, the bearish flag formation has also broken down, validating the wave C.
Hence, we expect the pair to be bearish in the short-term.
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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.