As we can see the overall trend is bearish and on the fundamental side , there hasn’t been any much catalyst to back any bullish sentiment on this pair. 0.56700 is a strong zone which as acted as demand zone multiple time now price retracing to this zone with a bearish divergence and rejection.
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Disclaimer
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.