1. Support Retest: The price is expected to stabilize around 149.00, which is acting as a strong support level.
2. Bullish Reversal: If support holds, the pair is likely to rebound and start an upward trend.
3. Target Resistance: The projected move aims for the 151.00 resistance zone, where sellers may re-enter.
Trading Insights:
Bullish Scenario: A strong bounce from 149.00 could lead to a breakout towards 151.00.
Bearish Scenario: A break below 149.00 could trigger further downside movement.
2. Bullish Reversal: If support holds, the pair is likely to rebound and start an upward trend.
3. Target Resistance: The projected move aims for the 151.00 resistance zone, where sellers may re-enter.
Trading Insights:
Bullish Scenario: A strong bounce from 149.00 could lead to a breakout towards 151.00.
Bearish Scenario: A break below 149.00 could trigger further downside movement.
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