On the H4 chart, we are looking at a very strong resistance level at 113.66. It has been a level which the pair failed to rally beyond for the past 2 trading days. With a head and shoulder pattern forming on the H1 chart as of this writing, we are confident to be short on this pair with a TP at 111.85, and SL above the head of this setup, at 113.69
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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.