As illustrated on the chart with the ascending rays, price action is likely to maintain this trajectory for the time being. However, my intuition is telling me that a pullback towards 1.38 has a good chance knowing the fact we had strong rejection off the 1.40 zone which here I point out as a possible fakeout.
If on the other hand I'm wrong about my "fakeout" analysis, that would mean this pair very well could climb as high as 1.41 in the days ahead.
If on the other hand I'm wrong about my "fakeout" analysis, that would mean this pair very well could climb as high as 1.41 in the days ahead.
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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.