Price is finding it difficult to break the resistance area of 1.59000. In the process of trying to break the area, price created an ascending triangle but failed to break through it to the upside. Since it’s broken the triangle to the downside, I’m expecting a retest of the triangle before price continues its bearish momentum.
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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.