Based on what we see, this currency pair is in a downward channel and is currently close to the bottom of its channel, which can give us hope for a buy signal, and it is also placed on the Fibo 78 of its previous wave. And this is another reason to enter a buy position from this point.
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.