As you can see the highlighted area just above 1.0800 has a good hold but within the last 24 hours it has not hold and ended up coming down to 1.07104. I believe that this is a false break and it indeed has formed some reversal candle sticks. Also at this reversal point if you look left you can see there was previous resistance which I believe now is turning support. considering these points we shall see an easy rise just above 1.08000 level which I anticipate at this point to take us higher.
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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.