This recommendation is on Marketbeat. Let's look at the technical analysis
point of view. The movement of the exchange rate carries the characteristics of fractal
movements. He is currently building a 2x fractal
. The exchange rate moves sideways in a yellow rectangular area. We expect pulse wave structure from this range. The theory of correctness can justify if the exchange rate breaks through the purple line, which is the axis of the exchange rate D1 ATR. As long as this does not happen it is advisable to wait. But when it happens, the exchange rate can suddenly be switched to "impulse", suddenly increased with ATR. Which results in strong volatility
. The primary target price is 5.56 usd. The second predicted target price may be around 10.73 usd.