The counter is currently in a triangle pattern, which shows uncertainty in the near-term.
With no vaccine for the pandemic and no fresh stimulus around the corner, the market is expected to continue its range-bound movement.
Hence, we expect the pair to move to the upper end of the triangle for now.
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.