$PSG chart is exhibiting significant volatility on the 1h timeframe following a sharp rally that peaked near the 1.450 level. After a healthy retracement, the price is currently attempting to stabilize and find support around the 1.200 zone. The formation of a potential higher low suggests that bulls are stepping back in to defend this area, which could lead to a secondary move if buying volume increases. Maintaining a position above the 1.150 mark is crucial for the bullish structure to remain intact and for the price to challenge previous local highs.
Target 1: 1.350
Target 2: 1.480
Target 3: 1.620
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