Seems this symbol is fond of chart patterns particularly inverted head and shoulders, triple bottoms and double bottoms. Price is currently in a channel and may have an inverted head and shoulder formation underway. Further 1.2575-80 seems to be the support of the channel and I expect some buying reaction from this region. In addition, this symbol has formed a golden cross which is an indication of bullish bias. Should price start buying from the support region, 1.29+ could be seen in the near to medium term.
Disclaimer: This is not a financial advice. This is my way of sharing my trade ideas with the community and any decisions you make from this is entirely yours and has nothing to do with me.
Disclaimer: This is not a financial advice. This is my way of sharing my trade ideas with the community and any decisions you make from this is entirely yours and has nothing to do with me.