the pair seems to be forming a head and shoulder pattern on the weekly time frame that is where it is more clear.
which has a 50% retracement level.
a retest of the supply zone 1.246-1.2568 and a bullish reversal pattern on the weekly or any other significant lower time frame might be a probable good sign for a long term bull
which has a 50% retracement level.
a retest of the supply zone 1.246-1.2568 and a bullish reversal pattern on the weekly or any other significant lower time frame might be a probable good sign for a long term bull
Note
on the move
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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.