The pair has been trading on a steady Higher Low bullish
sequence on the 1D chart ( RSI
= 64.877, MACD
= 4.886, ADX
= 60.426) since 2019. Recently however it has entered a strong parabolic rise that is currently consolidating. Typically this is a sign of exhaustion and the MACD
has already started to roll downwards. We are aiming on a 0.500 Fibonacci retracement
at least with 320.00 as our TP.
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