On the H1 time frame, a pullback to the supply zone at 0.6980, in line with the graphical resistance zone and Fibonacci confluence levels could see a further downside below this zone to the support zone at 0.6840. This 0.6840 support zone coincides with the ascending trend line and Fibonacci confluence levels. Prices are holding below the Ichimoku cloud, supporting the bearish bias.
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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.