Hi there,
If the price breaks below the support area, there might be a bearish continuation down to two levels that make up the price targets for a bias of 1.2611.
The price is currently bullish above that support area in a strong downward momentum; it might be possible that it will play around that area, consolidate or do some fake-outs.
Happy Trading,
K.
Not a trading advice.
If the price breaks below the support area, there might be a bearish continuation down to two levels that make up the price targets for a bias of 1.2611.
The price is currently bullish above that support area in a strong downward momentum; it might be possible that it will play around that area, consolidate or do some fake-outs.
Happy Trading,
K.
Not a trading advice.
Trade active
That is fine but caution is needed, or profit-taking and close may be ideal.
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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.
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.