The price is consolidating near 13.00, a key support level. Historical rejection at this zone suggests buyers are stepping in, indicating a potential reversal.
A sustained move above 13.00 (previous resistance-turned-support) signals bullish momentum. Traders may anticipate a rally toward higher timeframe resistance levels.
Entry Stop Loss And Target Profit are mentioned
A sustained move above 13.00 (previous resistance-turned-support) signals bullish momentum. Traders may anticipate a rally toward higher timeframe resistance levels.
Entry Stop Loss And Target Profit are mentioned
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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.