Pair's failure to retake the rising trend line last week, followed by a break below 100-DMA today has opened doors for test of falling channel floor seen today around 138.20.
Note - the 100-DMA is still sloping higher, hence a break below 138.20 appears unlikely. Moreover, a move back above the 100-DMA would suggest bearish invalidation.
Note - the 100-DMA is still sloping higher, hence a break below 138.20 appears unlikely. Moreover, a move back above the 100-DMA would suggest bearish invalidation.
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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.