The pair is showing signs of exhaustion after a recent rally, creating an opportunity for a short trade. A break below the current support level could trigger further downside, with targets set at previous lows. This setup offers a strategic entry point for those anticipating a pullback, aligning with the broader market's cautious sentiment.
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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.