The price of this symbol is currently trading in a rising channel (a bearish structure). Further, the RSI is also showing a bearish divergence. If the resistance of the rising channel holds, this symbol could fall to 1.2200.
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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.