The price experienced a sharp breakout, followed by a pullback to a key resistance zone around **2.7250 - 2.7300**. A descending trendline is acting as resistance, aligning with this area.
If the price fails to break above this level, it may continue its downward movement, potentially targeting the **2.5900** range. The overall structure suggests a bearish bias unless a significant reversal occurs.
Monitoring price action around this resistance zone will be crucial in determining the next move.
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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.