The resistance around 1.4200 is an important level that price has touched and rejected three times. But on the last rejection, we can see that price formed a higher low, showing a tendency to break this resistance.
After the market opens, if this resistance breaks, we can consider a good long position since it’s in the direction of the trend.
If it gets rejected again, we won’t take action — for now, we have no plans for a short position on this pair.
After the market opens, if this resistance breaks, we can consider a good long position since it’s in the direction of the trend.
If it gets rejected again, we won’t take action — for now, we have no plans for a short position on this pair.
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