We could see resistance a potential reversal here at the 0.9212 zones as the price touches a 78% fib of the daily leg. However, based on the momentum we ar more likely to see a push towards our monthly 38% fib at a minimum (0.9300) as the price of the structure is more significant. We will wait for confirmations and evaluate more as the days progress.
RR - 1:3.5
RR - 1:3.5
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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.