The asset has stopped making new local lows, which could indicate weakening selling pressure. The price is currently testing the 0.6969 resistance level. A Bullish Engulfing candlestick pattern has also formed on the chart, which could signal strengthening buying pressure.
#TradeIdea
If the price holds above 0.6969, the local structure could shift to bullish, after which further upside could be expected;
🎯 Target: 0.7010.
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