The demand around $1.03920 was a strong area and the price could not break further down.
On Friday we had a small bearish candle that had a wick below $1.05087 support level, but the day closed at the demand zone around $1.05087.
The price has closed the Friday below previous day candles bodies which is the first step to move further down.
But, as the market now looks at the weekly and monthly time frame the $1.03920 is still the next week target.
On Friday we had a small bearish candle that had a wick below $1.05087 support level, but the day closed at the demand zone around $1.05087.
The price has closed the Friday below previous day candles bodies which is the first step to move further down.
But, as the market now looks at the weekly and monthly time frame the $1.03920 is still the next week target.
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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.