Price recently broke structure to the upside (BoS), confirming a bullish shift in momentum after forming a double bottom around the 101.50–102.00 region.
Currently, price is consolidating beneath the 104.90–105.00 resistance area, with a clear lower timeframe supply zone just above. If bulls sustain pressure, we could see a short-term rally toward the 106.00 zone, where the next supply awaits.
However, the key level to watch is 107.600, aligning with a major Daily Timeframe Supply Zone. This zone may act as a strong reversal point or profit-taking area for swing traders.
Currently, price is consolidating beneath the 104.90–105.00 resistance area, with a clear lower timeframe supply zone just above. If bulls sustain pressure, we could see a short-term rally toward the 106.00 zone, where the next supply awaits.
However, the key level to watch is 107.600, aligning with a major Daily Timeframe Supply Zone. This zone may act as a strong reversal point or profit-taking area for swing traders.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.