This pair saw a large spike down this morning but has briefly settled at support 1.
On the higher timeframe it has been in a long bullish trend, but as we stand due to the spike down we are now in an oversold zone in a bullish market. The price is settling nicely at a double bottom with a trending support too.
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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.