Hello everybody!
We’re looking at three key areas on the chart.
Price has been rejected from a supply zone.
The clean upward trendline has been broken, and we expect the price to move lower this week.
If the drop continues, we’ll look to sell and aim for the more likely target around 1.16400.
Then we’ll see whether this first demand/support area holds or not.
Have a good trading week ahead!
We’re looking at three key areas on the chart.
Price has been rejected from a supply zone.
The clean upward trendline has been broken, and we expect the price to move lower this week.
If the drop continues, we’ll look to sell and aim for the more likely target around 1.16400.
Then we’ll see whether this first demand/support area holds or not.
Have a good trading week ahead!
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.