See also
16.03.2023 02:13 PM
In the intermediate-term, the pair is just above the newly visited price levels around 0.9600 that haven't been visited since 2002.
That's why, some bullish recovery was recently demonstrated especially around such an important psychological support.
The nearest supply level was located around 1.0100 which failed to provide enough bearish pressure.
On the other hand, Intensive bullish price action was demonstrated around the lower limit of the depicted movement channel. Initial bullish targets around 1.0150 and 1.0500 were already reached.
Price action around the key-level of (1.0550-1.0600) was quite bullish. That's why, further bullish continuation towards 1.0800 was demonstrated.
Moreover, more bullish advancement towards the nearest supply zone around 1.1150-1.1200 can be expected.
On the other hand, any bearish pullback towards the price levels of 1.0000 should be considered as a valid long-term BUY opportunity.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
