Pair’s sharp drop to below 1.32 (and minor rising trend line level) adds credence to the bearish dark cloud cover formation noted last week and open doors for a retreat to 1.3059 (Aug 30 low).
On the higher side, only a move back above 1.3347 (Sep 12 high) would signal bearish invalidation.
On the higher side, only a move back above 1.3347 (Sep 12 high) would signal bearish invalidation.
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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.