Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The market is approaching a key horizontal level 0.579.
Considering the today's price action, probabilities will be high to see a movement to 0.583.
P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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I evaluated the trade and decided to keep it running!