We have reached a significant level of structure with this pair. If price does not break above this level, we could see a continuation in the downtrend to break the lows.
Depending on how strong the bullish momentum is, there is a chance that this area could print a bull flag as well.
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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.