On the M30 time frame, prices are approaching the supply zone at 0.6990, in line with the graphical resistance zone and Fibonacci confluence levels where we could see a further downside below this zone to the support zone at 0.6940. Stochastic is facing bearish pressure from its resistance at 88.57 as well, supporting the bearish bias.
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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.