The calm before a new ascent....
Just pierced its lowest level at 0.6253 with strong momentum, and rose to 0.6793, forming a healthy short-term upward trend.
Now, the market is calming with slight consolidation - a clear signal that the bulls may be buying back their shares in preparation for the next move.
📈 Setting up a buy trade
• Entry area: 0.6640 - 0.6685
• Take profit 1: 0.6790
• Take profit 2: 0.6880
• Take profit 3: 0.6985
• Stop loss: below 0.6520
Buyers are still in control, and trading volume remains supportive. Watch for a strong rebound from this support area - the next breakout may come quickly.
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