The zone of 111.947-112.126 provides a hard resistance to the pair. Also, the pair has formed an ascending triangle pattern, which means that there is one leg of down move due in the counter. Hence we expect the pair to move to the supportive trendline for now.
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.