1.08725 zone seems to be acting as a resistance level for the pr
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The 1.08800 zone seems to be acting as a resistance level for the price. This suggests there could be even stronger selling pressure than at 1.08000, potentially leading to a more forceful fall if there's no breakout.
Similar to before, here are the possible scenarios:
Breakdown: If the price can't break above 1.08725, it would likely fall back towards the 1.07500 level, indicating a bearish trend. Consolidation: The price might hover around 1.08725 for a while, signifying indecision between buyers and sellers. As with the previous analysis, considering additional factors like technical indicators and fundamental news events could provide a more comprehensive understanding of the price movement.
Ultimately, the decision to buy, sell, or hold depends on your individual trading strategy and risk tolerance.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.