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Long term bias is still bullish

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The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 77.03.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger …
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Bearish harmonic pattern

Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 73.43.
However, if bullish can…
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Ucef avatar
Ucef 31 Март

Update: The pair had a moderate bearish momentum yesterday bottomed at a support line. The bias is neutral in nearest term, probably with a little bearish bias testing some support areas which need to be clearly broken to the downside to continue the bearish scenario targeting a resistance level.
Immediate resistance is seen around the weakly open. A clear break above the daily close would be a threat to the bearish scenario.


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