Direction:
long
Target: TP1
– 0,7830
Protection:
SL – 0,7755
Our setup:
0,7785
Background:
From the current level of 0,7785 the price might goes up to 0,7830. Last two
days the cross builded a double bottom pattern and was not able to go under
0,7740. This could be a trend reversal pattern after a long and strong short
side movement. In our scenario the pair first needs to test the key resistance
level at 0,7830 and then if it is taken can go up further on upside.
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