EJ has been failing to create new highs this past week, we're approaching a previous bullish key level. Price may attempt one more time to break 126.700, if this fails, we can expect selling pressure to come back into play. This market also has the potential to break and retest above 125.600 in an attempt to break 126.700. This market looks like it's forming a potential downtrend continuation on H1. Will wait to see how price reacts at these previous levels of structure.
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.