Entry Zone: 3.740-3.744
Target: 3.80
Stop Loss: 3.715
Rationale:
• Strong bounce off demand zone near 3.715 confirms buyer interest.
• Double bottom setup suggests reversal from intraday lows.
• Increasing volume on recovery candles adds conviction.
• Clear path toward the next resistance zone around 3.80.
This is a momentum-backed bounce with limited downside and a clean upside target.
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Disclaimer
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.