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#TREE# hold above support, looking for a rise higher.....
$TREE is trading at 0.3619, up +4.6% today after bouncing back from the low of 0.3402. Despite the -12% decline last week, the pair shows early signs of stability as buyers defend key support levels throughout the day.
Bullish scenario
Entry zone: 0.3600 – 0.3620
Target 1: 0.3680
Target 2: 0.3750
Target 3: 0.3850
Stop loss: below 0.3480
Market Notes
TREE experienced a sharp rise from 0.3400, indicating strong buying activity at the dip.
Momentum is holding in a narrow range between 0.3550 – 0.3650, and a breakout may determine the next step.
Sustainable closures above 0.3650 will enhance the bullish momentum, while a rejection may lead to another test of the 0.3500 area. #July PPI Beats Expectations#