Bears will take Over
The master trend at H4 and H12 continue trend bullish however a key resistance level at 1.620 is being tested and RSI from H4 to D1 are overbought. Channel lines have been breached by the price which is now over extended.
While price action has not yet given the signal to go short, I expect that the price will eventually drop to 1.2.
While price action has not yet given the signal to go short, I expect that the price will eventually drop to 1.2.
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