Price has retraced to golden zone on the fib which coincides with a significant 4HR support zone, formed a double bottom and then price broke a descending trend line on the lower tf signifying a change in momentum to the upside.
Note
Also there is bullish divergence on the RSI on 1HR tf!Note
Looks like price wasnt ready to move bullish and has moved to the 0.764 level. Strong euro and pound fundamentals should be considered.
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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.