Look at the chart. Most noticably is the buyers keep coming in around the 50 RSI level, which is Positive. Also you see support on the chart, although it hasn't breaked-out strongly to the upside yet. The fibonacci level still points towards higher targets. This starts looking more and more like it favours normal market conditions from the well known Forex markets.
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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.