Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The market is on a crucial zone of demand 1.915.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.929 level.
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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Great beginning for a trade, let’s hope it goes further!