The price started with an indecision candle where the bulls and bears could not take the price to higher or lower levels.
On Tuesday the price strongly moved down making a breakout from the small range that has formed in the previous week.
On the upside we have $1.03600 as a bulls target where the price needs to break above $1.02660 to reach higher levels.
We have now a downtrend resistance line that is on the $1.02975 which will make small pressure on the price and prevent reaching higher levels.
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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.