• The chart indicates a bullish breakout above resistance at 1.8137.
  • Price found strong support around the 1.75067 level.
  • Recent price action suggests buyers are currently in control of the market.
  • A retest of the breakout zone (red area) is likely before further movement.
  • The red zone represents a potential entry point for buyers after a pullback.
  • The blue shaded area above marks the next target zone for a continued upward move.
  • This move follows a period of consolidation near the lower support area.
  • Strong bullish momentum could indicate further uptrend continuation.
  • The price is reacting well to key support and resistance zones.
  • Traders may expect a bullish move unless price falls below the red zone during the retest.
Chart PatternsFundamental AnalysisTrend Analysis

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