On the weekly chart, there is a clear bullish guard, but on the daily chart, we have a lower low and high, which is confirmation of the downtrend. If the trend breaks and stabilizes above the 0.60 range and a higher low and high is observed on the daily chart, we can have confirmation of the uptrend.
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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.