The pair is in an uptrend and has broken out of its consolidation/correction phase, forming a bullish flag. This suggests the uptrend is likely to continue. We're watching for a potential retest of the broken structure around 0.59276, which could present a buying opportunity.
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.
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.