The pair had been stuck in a long term corrective structure that was going down, now we have a break above it and this may well be the start of the next impulse which may have thousands of pips to the upside and it's a good idea to buy this breakout with a proper strategy for trading breakouts!
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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.