This pair has been respecting the supply and demand zones for some time now. It is evident that these areas are strong as price has tried to break on numerous occasions but hasn't been strong enough.
Due to these reasons we feel price will continue to bounce until the buyers or sellers have enough strength to take control.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.