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We are approaching the end of the local downtrend. I expect a correction to support level 1. The variant with the second level 1. After that, we will go up. The first target is 1. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your Since October , the price has been moving in an upward channel with minimal breakouts. However, in January of this year, it came to the resistance zone of 1.
During the fall, a younger downward channel was formed, which continues to this day. Falling in this channel, the Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied.
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I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. The market is closer and closer to its resistance.
To catch the next bearish wave, watch a rising channel on 4H. Its bearish violation will be a perfect confirmation to short the pair. First goal will be 1.
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The pair has pierced through the TradingView EN. Videos only. See all ideas. Currencies are traded on the Foreign Exchange market, also known as Forex. This is a decentralized market that spans the globe and is considered the largest by trading volume and the most liquid worldwide. Exchange rates fluctuate continuously due to the ever changing market forces of supply and demand. Forex traders buy a currency pair if they think the exchange rate will rise and sell it if they think the opposite will happen. The Forex market remains open around the world for 24 hours a day with the exception of weekends.
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