Resuming our weekly projections, based on my analysis, I believe we might have a good opportunity to buy at the price around 1.08904. In this case, we've witnessed a strong breakthrough of our downtrend channel, and I anticipate a potential price retracement to the marked region on the chart. (Entry price: 1.08904, risk-reward ratio around 1:2.6, stop: 1.08605, TP: 1.09705).
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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.