Technical Analysis / Setup:
* Trendline Break: "We can observe a clear break below the ascending trendline, indicating a shift in momentum."
* Resistance Rejection: "The price also failed to sustain above the upper resistance zone (red box), showing a strong rejection at the 99.129 and 99.092 levels."
* Consolidation Breakout: "The break of the lower boundary of the consolidation range confirms the bearish sentiment."
* Trendline Break: "We can observe a clear break below the ascending trendline, indicating a shift in momentum."
* Resistance Rejection: "The price also failed to sustain above the upper resistance zone (red box), showing a strong rejection at the 99.129 and 99.092 levels."
* Consolidation Breakout: "The break of the lower boundary of the consolidation range confirms the bearish sentiment."
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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.