Technical Analysis: Bias Bearish
- Price breaks below 200-DMA at 1.3156
- Recovery attempts rejected at 5-DMA at 1.3185
- Momentum indicators show highly bearish bias
- RSI well below 30 levels shows bearish bias
- MACD below zero, biased lower and we see -ve DMI dominance
Support levels - 1.3038 (50% Fib), 1.2955 (Nov 15 low), 1.2845 (61.8% Fib)
Resistance levels - 1.3160 (200-DMA), 1.3185 (5-DMA), 1.3231 (38.2% Fib)
Good to go short, SL: 1.3185, TP: 1.3040/ 1.30/ 1.2955/ 1.29/ 1.2845
- Price breaks below 200-DMA at 1.3156
- Recovery attempts rejected at 5-DMA at 1.3185
- Momentum indicators show highly bearish bias
- RSI well below 30 levels shows bearish bias
- MACD below zero, biased lower and we see -ve DMI dominance
Support levels - 1.3038 (50% Fib), 1.2955 (Nov 15 low), 1.2845 (61.8% Fib)
Resistance levels - 1.3160 (200-DMA), 1.3185 (5-DMA), 1.3231 (38.2% Fib)
Good to go short, SL: 1.3185, TP: 1.3040/ 1.30/ 1.2955/ 1.29/ 1.2845
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.