After rejecting the key resistance, price is retracing and currently hovering around the 50% Fib level (1.040).
Currently, MACD crossover below signal and RSI rolling down from overbought. So, momentum has turned bearish.
I'm watching the 0.968–1.000 zone (Fib 61.8% + demand) as a critical bounce or breakdown area.
A bullish reaction here could trigger a rebound toward 1.324, 1.648, and more.
Break below 0.960 opens room toward 0.876 or lower.
The plan is to go LONG if price shows strength near 0.968 (bullish engulfing, divergence)
📌 Bearish bias short-term, but key support test coming. Staying flexible.
Currently, MACD crossover below signal and RSI rolling down from overbought. So, momentum has turned bearish.
I'm watching the 0.968–1.000 zone (Fib 61.8% + demand) as a critical bounce or breakdown area.
A bullish reaction here could trigger a rebound toward 1.324, 1.648, and more.
Break below 0.960 opens room toward 0.876 or lower.
The plan is to go LONG if price shows strength near 0.968 (bullish engulfing, divergence)
📌 Bearish bias short-term, but key support test coming. Staying flexible.
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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.