Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The market is approaching a significant support area 1.765.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.774 level.
P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Great beginning for a trade, let’s hope it goes further!