The counter recovered from the lows the strongly, however, the recovery has been overstretched.
Now, it formed a descending triangle pattern and has broken a critical support of 68.406.
And so, we expect the pair to restart its downtrend move from here.
Now, it formed a descending triangle pattern and has broken a critical support of 68.406.
And so, we expect the pair to restart its downtrend move from here.
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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.