Pair’s bearish break from rising channel earlier this week if followed by breach of support at 1.3138 has opened doors for a revisit to and a possible break below 1.3059 (Aug 30 low) levels.
The daily MACD has turned bearish, which adds credence to the bearish view.
On the higher side, only a break above 1.3347 would signal short-term trend reversal.
The daily MACD has turned bearish, which adds credence to the bearish view.
On the higher side, only a break above 1.3347 would signal short-term trend reversal.
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Related publications
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.