From the monthly perspective, we can see how the market is testing the strong support level at around 1.3238
In the 4-hr time frame the price broke the trend line and got rejected upward after the retest
Here on the 1 hour, we see the formation of an inverted Head and Shoulder pattern after which it is expected to move upwards.
In the 4-hr time frame the price broke the trend line and got rejected upward after the retest
Here on the 1 hour, we see the formation of an inverted Head and Shoulder pattern after which it is expected to move upwards.
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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.