The USD is still weak and the price is above a support area. The price is likely going to break down trying to reach the down trend of the descending channel.
Note
If the price close above the 1.29310, we close this trade and we buy the pair. The take profit will be 1.29950
Note
I closed the sell trade, and the buy trade is active now.
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.