🔸 DAILY CHART EXPLANATION:
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🔸 Price bounced at the Ascending Trendline some weeks ago.
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🔸 However, we can see that the bounce was very week, and it has been broken to the downside.
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🔸 The target of the downside move is the Support Zone at 1.5900. Be careful with the middle support at 1.6600.
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🔸 Will look for lower timeframe bearish setup.
🔸4H CHART ANALYSIS:
.
.
🔸 Price bounced at the Ascending Trendline some weeks ago.
.
🔸 However, we can see that the bounce was very week, and it has been broken to the downside.
.
🔸 The target of the downside move is the Support Zone at 1.5900. Be careful with the middle support at 1.6600.
.
🔸 Will look for lower timeframe bearish setup.
🔸4H CHART ANALYSIS:
Disclaimer
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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.