#TradeIdea XBRUSD Outlook! On the H1, XBRUSD has form | FBS Analytics
#TradeIdea
XBRUSD Outlook!
On the H1, XBRUSD has formed an ascending channel, within which the price is approaching the resistance level of 79.10, corresponding to the 61.8 Fibonacci level. Therefore, two scenarios are possible:
If XBRUSD breaks above 79.10, the price will reach the 80.30 or 81.40 level But if Brent bounces off the resistance and overcomes the trend line, the price will get 78.40 or even 77.70.
Are you on the bullish or bearish side? Share your opinion in the comments.
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