Hi,
There was a breakout on the channel few days ago. However, the bearish movement was quite short-lived due to the disappointed job result on the USD side.
Now, The price is back in the channel zone and it has bounced on the line twice which is a proof the uptrend is on the move. There is also a resistance in the process, if breached, will signal a further bullish movement for the pair.
Happy Trading!
There was a breakout on the channel few days ago. However, the bearish movement was quite short-lived due to the disappointed job result on the USD side.
Now, The price is back in the channel zone and it has bounced on the line twice which is a proof the uptrend is on the move. There is also a resistance in the process, if breached, will signal a further bullish movement for the pair.
Happy Trading!
Trade closed: target reached
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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.