The price has reached an important intraday zone of resistance. Our bias for this pair remains bullish and we are looking for BUY entries. However, the current area is not a suitable one to go long from. Thus, we are waiting for the price to re-visit the 0.949 area of support and complete the formation of the right shoulder of the inverse H&S pattern before entering BUY positions and aiming for the two targets identified on the chart.
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