Quick idea.
The pair is near its key resistance again, at 1.9840. In order to examine larger extensions to the upside, we need a clear break above that barrier first. Even if the rate retraces back down a bit, still, the bulls could enter the field near the upside support line.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
The pair is near its key resistance again, at 1.9840. In order to examine larger extensions to the upside, we need a clear break above that barrier first. Even if the rate retraces back down a bit, still, the bulls could enter the field near the upside support line.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Note
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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.