1.3200 is a stron Monthly and weekly support and we expect some retracement to the 0.382 fibo level on the previous long downtrend movement, which aligns with a previous daily resistance structure, before the market to continue and test again 1.3200.
We have a good engulfing 4H candle and we will put a pending buy limit order to the previous 4H support level.
We have a good engulfing 4H candle and we will put a pending buy limit order to the previous 4H support level.
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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.