The pair is under immense pressure from Bears. It is almost hitting the bottom rock in short term. The Divergence on RSI shows the Bulls are gaining some ground. If the price breaks the recent high we may initiate the long entry. The resistance lies at perfect at 1:1 risk to reward ratio. Strict money management is advised for Profitable trading.
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.