The price is forming a double bottom with higher lows just above the crucial demand zone.
Expecting the price to test the first major supply zone of 1.0847. And if successful at breaking it, then the price should keep going up to the next supply zone of 1.09, which just happens to be at the upper limit of the descending channel the pair has been trading in.
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.