Price is currently hovering near key resistance around 1.12619.
Two possible outcomes to anticipate:
🔹 Scenario 1 (Bullish):
If price holds above the 1.12400–1.12600 zone, we may see continuation to the upside toward the next key resistance at 1.13199.
🔻 Scenario 2 (Bearish):
If price gets rejected from this resistance zone and breaks below 1.12189, downside continuation is likely with potential target around 1.11762.
🔍 Waiting for price confirmation before taking a position. Both paths are valid — plan accordingly.
Two possible outcomes to anticipate:
🔹 Scenario 1 (Bullish):
If price holds above the 1.12400–1.12600 zone, we may see continuation to the upside toward the next key resistance at 1.13199.
🔻 Scenario 2 (Bearish):
If price gets rejected from this resistance zone and breaks below 1.12189, downside continuation is likely with potential target around 1.11762.
🔍 Waiting for price confirmation before taking a position. Both paths are valid — plan accordingly.
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.
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.