If buyers defend this area, the market may stabilize and attempt another leg higher toward 1.945, where overhead resistance and channel highs sit. Price behavior around the trendline will likely determine whether continuation or extended consolidation unfolds.
➡️ Primary scenario: hold above 1.75 → push back toward 1.945.
⚠️ Risk scenario: a decisive break below 1.70 may open the door toward 1.60.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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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.
💰FREE FOREX signals in Telegram: t.me/LingridChannel
🚀FREE CRYPTO signals in Telegram: bit.ly/3JIGE2j
🚀FREE CRYPTO signals in Telegram: bit.ly/3JIGE2j
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.
