Notice the strong support at 0.382 FIB level. There were 3 attempts to breakdown but each time, it rebounded. We are now at the 4th attempt of breaking down the support. Also, it has breakdown from the black channel line with 3 strong bearish candles.
Bearish on this pair for now
Bearish on this pair for now
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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.