The pair is trading inside a falling trend and is approaching a strong key level.
In the event of break above of the trend line and subsequently the key level, it will signal a good buy opportunity. The opposite of this will obviously signal a continuation of the bearish movements.
Please do your own analysis before placing any trades.
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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.