Price has successfully broken out of the falling wedge on both the daily and weekly charts, signaling strong bullish momentum. After hitting resistance around 1.1555 (61.8% Fib), we’re seeing a healthy pullback towards 1.1500-1.1488 support. As long as bulls defend 1.1400, I’m looking for continuation towards 1.1555 and 1.1894 swing targets. Watching price action closely at the current pullback zone for potential long entries.
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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.