Hi community members,
Background: this forecast base on balanced distribution (supply vs demand; price oscilator and median). Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: Price is near balance area in weekly chart and testing 1.39 support level. If price break lower can visit 1.38 (fibonacci 61.8%). Otherwise support hold price can bounce back and establish balance area 1.…
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