Hello everyone!

Currently, we're experiencing a bounce after the second touch of the 0.0579 limit. I'm considering a movement towards the upper limit level at 0.0746, where a reversal is likely to occur, as it will be the first touch and there's a significant resistance range. Subsequently, a breakthrough of the 0.0579 level becomes possible, as it will be the third touch and there was consolidation on the early presumed impulse up to 0.746. Afterward, I anticipate a decline to the lower level at 0.0446.

Wishing everyone profitable outcomes.

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.