After a false breakout, the currency pair is re-entered the ascending channel and is consolidating after meeting the resistance at 88.400 The pair is currently at the support line of the ascending channel The price channel is ascending, buying pressure is present.
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.