We saw a clear break of the decending trendline that has been respected for nearly a year. We expect the market to find resistance around the weekly level of 1.14067 before a pull back to around our potential long entry of 1.12500. We will be looking to entry short if we see a rejection of 1.14067 zone before going long at 1.12500.
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.