On the M30 time frame, prices are facing bearish pressure from the resistance zone at 0.6450, in line with the graphical resistance and 23.6% Fibonacci retracement. A pullback to the 0.6450 resistance zone could see a reversal below this area to the support zone at 0.6380 which coincides with the 61.8% Fibonacci retracement. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.