The price is currently consolidating within the range of 1.0834 to 1.0936. However, the prevailing upward trend continues to dominate the market direction. Therefore, it is anticipated that the price will break through the resistance level at 1.0936, stabilise above it, and subsequently rise further to reach 1.1010.
However, if the price reverses and stabilises below 1.0834, particularly below 1.0779, it is expected to decline further toward the support level at 1.0675.
Bullish target: 1.0936, 1.1010, 1.1130.
Bearish target: 1.0834, 1.0779, 1.0675.
However, if the price reverses and stabilises below 1.0834, particularly below 1.0779, it is expected to decline further toward the support level at 1.0675.
Bullish target: 1.0936, 1.1010, 1.1130.
Bearish target: 1.0834, 1.0779, 1.0675.
Trade active
The price reached the first resistance at 1.0936 before reversing for a short correction. then expected to attempt a breakout above 1.0936 to target the 1.1010 level.
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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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.