The pair hit the strong down-trend line that started to form since 2008 signalling a big sell-off may be on the way.
This signal was confirmed by the divergence between the price action and the MACD indicator.
A strong support area is around 1.1600
This signal was confirmed by the divergence between the price action and the MACD indicator.
A strong support area is around 1.1600
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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.