Here I witnessed a clear breakout and pullback on the major structure of the bullish channel on this pair. If the pullback formation here creates enough volume for another downward shift, then we may see a further decline toward the 38%-50% fib region.
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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.