On the 1H timeframe, price is in the process of creating what seems to be a head & shoulder pattern. If the pattern does holds, I expect price to retest the support area of 1.26200. I believe when price retests that area again, price will become bullish. I think this because on the daily timeframe, it seems like price is in a pullback phase of a bullish reversal.
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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.