The market has recently revisited a key demand zone highlighted around the 142.195 level on the 1-hour chart. Price previously reacted strongly to this area, suggesting the presence of institutional interest. After a sharp decline, the pair found support within this zone and has since shown a bullish push, indicating renewed buying pressure.
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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.