When looking at the weekly chart, one can definitely see a bullish flag forming. In the hourly (shown) there was some clear support at the 100 MA and a healthy bounce to continue to go higher at least to about 1.19. We also can clearly see a healthy MACD crossing, sign of a possible new upside trend.
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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.