Price is reacting bullishly from a demand zone near 2.06400, indicating strong buyer interest. The structure suggests accumulation and potential breakout. A successful hold above this zone may lead to a bullish continuation toward the next resistance around 2.09200.
Bullish Bias: Watching for higher lows and momentum above 2.07200 for confirmation of upside continuation.
Key Levels:
Demand zone: 2.06000 – 2.06400
Resistance target: 2.09200
Breakout confirmation: Above 2.07200
Bullish Bias: Watching for higher lows and momentum above 2.07200 for confirmation of upside continuation.
Key Levels:
Demand zone: 2.06000 – 2.06400
Resistance target: 2.09200
Breakout confirmation: Above 2.07200
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