The price was running along the descending channel forming large number of higher highs and lower lows which in turn acts as major support and resistance for price moving in upward direction (forming triangle). While retesting the trend line acting as a major support for the price, it is again moving in the direction of the resistance. That will be our target (1.00893) ,
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.