On the daily TF we had a nice rejection from the weekly resistance zone and support was also broken. H4 has been retesting the daily support that was broken while giving some bearish pressure. Next weekly support zone is 1.22000. Go short only if you get your bearish confirmations. Watch out for CPI and PPI.
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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.