The pair is locked within a triangle formation and below CLOUD resistance 2.2678 area. We have minor negative indicators, and not solid enough, but based on the resistance and trading below cloud resistance, it is likely a move lower for test 2.2300 area support in the near term.
Strategy SELL @ 2.2560-2.2600 and take profit at @ 2.2307. On break below 2.2300 we will see 2.1950 tested, is my viewpoint.
Strategy SELL @ 2.2560-2.2600 and take profit at @ 2.2307. On break below 2.2300 we will see 2.1950 tested, is my viewpoint.
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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.