Bullish on the pair but always wait for a confirmation before entering a trade. This is an analysis and projection - not a signal. We have a red zone where price might range first.
The pair maintains its laterality, which enhances the idea that it will continue in an uptrend. A clear flag marks this lateral movement. At any moment we should see a bullish momentum. If we see it with Elliot Wave , we would be in front of a lateral 4 wave. going in search of wave 5, and resistance.,,
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I think it will continue to go down, to retest its lowest. Just MY idea