1. Support Retest: The price is expected to stabilize around 149.00, which is acting as a strong support level.
2. Bullish Reversal: If support holds, the pair is likely to rebound and start an upward trend.
3. Target Resistance: The projected move aims for the 151.00 resistance zone, where sellers may re-enter.
Trading Insights:
Bullish Scenario: A strong bounce from 149.00 could lead to a breakout towards 151.00.
Bearish Scenario: A break below 149.00 could trigger further downside movement.
2. Bullish Reversal: If support holds, the pair is likely to rebound and start an upward trend.
3. Target Resistance: The projected move aims for the 151.00 resistance zone, where sellers may re-enter.
Trading Insights:
Bullish Scenario: A strong bounce from 149.00 could lead to a breakout towards 151.00.
Bearish Scenario: A break below 149.00 could trigger further downside movement.
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.