The pair has broken out to the long side and worked it's way above the 50% level and used it as a support. I think it is likely that we will see continued higher prices.
Note
Price blasted through the .618 resistance so I held on to my position. Will take some profits at the yellow line or if we get back to the 68 level and I feel it is weakening.
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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.