Price has been in a strong downtrend but is now testing a key support zone around 1.1330–1.1340.
A sharp rejection from the lows suggests buyers are entering the market.
The chart's projected move targets the resistance area near 1.1438–1.1440.
Risk-to-reward appears favorable if support holds.
Buy Entry: 1.1330 – 1.1345
Stop Loss: 1.1290
Take Profit 1: 1.1400
Take Profit 2: 1.1440
⚠️ Confirmation is stronger if the next candles close above 1.1350–1.1360 with bullish momentum.
A sharp rejection from the lows suggests buyers are entering the market.
The chart's projected move targets the resistance area near 1.1438–1.1440.
Risk-to-reward appears favorable if support holds.
Buy Entry: 1.1330 – 1.1345
Stop Loss: 1.1290
Take Profit 1: 1.1400
Take Profit 2: 1.1440
⚠️ Confirmation is stronger if the next candles close above 1.1350–1.1360 with bullish momentum.
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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.