TECHNICAL - SHORT-TERM — [OPEN]
Latest Rationale
Pair pierces the 61.8 Fib of 1.1553-1.2556 and sets a new
trend low to keep bear sentiment elevated. RSIs are
biased down so further losses are likely. We look to sell a
rally to 1.1970 and will target sub-1.1800 levels once short.
Rationale History
Initial Rationale
May 4, 9:39 AM
Bears remain focused on the downside and has broken
the huge 1.1936 Fibonacci level -- 61.8% retrace of the
1.1553 to 1.2556 (November to February) rise. Fourteenweek
momentum is negative, reinforcing the overall.
Source: efxplus.
Latest Rationale
Pair pierces the 61.8 Fib of 1.1553-1.2556 and sets a new
trend low to keep bear sentiment elevated. RSIs are
biased down so further losses are likely. We look to sell a
rally to 1.1970 and will target sub-1.1800 levels once short.
Rationale History
Initial Rationale
May 4, 9:39 AM
Bears remain focused on the downside and has broken
the huge 1.1936 Fibonacci level -- 61.8% retrace of the
1.1553 to 1.2556 (November to February) rise. Fourteenweek
momentum is negative, reinforcing the overall.
Source: efxplus.
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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.