Price is currently respecting a descending channel after rejecting the 68.00–68.15 resistance zone. We've observed:
A strong bearish impulse breaking key structure.
Retest of a previous support now acting as resistance (66.94)
Downside targets around 64.00, and possibly extending to the 59.50–58.90 support zone.
A strong bearish impulse breaking key structure.
Retest of a previous support now acting as resistance (66.94)
Downside targets around 64.00, and possibly extending to the 59.50–58.90 support zone.
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.