Price is currently at this key level which was previously a resistance zone but we can now see price is treating it as support. We can see the price has been respecting these levels, as looking at the arrows, we can see how many times the price reversed after reaching these levels. Price is already showing rejection, as we can see a bullish hammer candle formed right before the market close. Looking to possibly go long until 0.669, around 100 pips profit
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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.