Like expected in my previos analysis a few days ago, pair is finally breaking 12 years old resistence line. I expect by the end of this year, that pair will reach 1.25 price level. Price is now overextended and it will need to retrace, after which, we will have a serious of oportunities for a long. Chart is very clear and our first target is at 38 fib level, which is 1.25 Dont enter now, wait for the retrace and confirmation of a trend.
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.
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.