- Price broke descending channel with a re-test before making a higher high
- Expect price to come back down to 1.2263 which is support plus it is between my fib area
- Could see price head to the 1.250 range as there is high resistance with descending trend line confluence, which happens to line up with the 161.8% fib extension level
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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.