As could be seen on the chart above that the pair is trading above a strong support level that is 43425. In addition, the close of March 2nd was a bullish engulfing candle, which supports our bullish scenario.
Therefore, we are bullish as long as the pair is trading above the level mentioned above.
Our targets: 52k followed by 54555. On the other hand, if the level of 43425 is broken, it might continue going downwards to reach 40k and even 38k.
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