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In the daily chart, the pair may grow to break the high at 0.7414 and then continue trading upwards to reach the long-term 76.0% fibo at 0.7504. However, taking into account a divergence on MACD, the instrument may yet resume falling. The first downside target is 23.6% fibo at 0.6963. After breaking it, the instrument may fall to reach 38.2% and 50.0% fibo at 0.6685 and 0.6459 respectively.
Remember that this analysis is not 100% accurate there is no single analysis for deciding follow your ideas.
***
The information provided is not financial advice.
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Follow up to receive everything new
In the daily chart, the pair may grow to break the high at 0.7414 and then continue trading upwards to reach the long-term 76.0% fibo at 0.7504. However, taking into account a divergence on MACD, the instrument may yet resume falling. The first downside target is 23.6% fibo at 0.6963. After breaking it, the instrument may fall to reach 38.2% and 50.0% fibo at 0.6685 and 0.6459 respectively.
Remember that this analysis is not 100% accurate there is no single analysis for deciding follow your ideas.
***
The information provided is not financial advice.
*****
Please support LIKE if you find it helpful.
****
Follow up to receive everything new