This is a very structural move that's underway. Here are the key levels I've been watching:
1. Price bounced off 1.6553 and tried to trade higher. This failed to sustain because a bearish bar followed the super bullish bar.
2. Price tested the 1.6553 level again. This time, a super dominant bearish bar engulfs the previous bullish bar. Right now, we're seeing that this level is failing to hold as support.
1. Price bounced off 1.6553 and tried to trade higher. This failed to sustain because a bearish bar followed the super bullish bar.
2. Price tested the 1.6553 level again. This time, a super dominant bearish bar engulfs the previous bullish bar. Right now, we're seeing that this level is failing to hold as support.
Note
Here is the intraday look:
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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.