On the M30 time frame, prices are testing the supply zone at 1880.00, in line with the graphical resistance zone and 50% Fibonacci retracement where we could see a further downside below this zone to the support zone at 1868.00. Stochastic is facing bearish pressure from its resistance at 97.63 as well, supporting the bearish bias.
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.
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.