Indicators point to a sell
At the moment, we are seeing that the pair found the support level at the mark of 1.1450 and adjusted to the level of 1.1510, after which it went down again.
Yesterday, the US dollar slipped sharply during the American session. We saw a correction in almost all pairs linked to the dollar.
Now we can say that the downward movement will continue. It is possible that the pair will go to annual lows and the mark of 1.1450 will soon be overcome. Therefore, we advise you to look for points to enter short positions and set take profits at previous support levels.
Yesterday, the US dollar slipped sharply during the American session. We saw a correction in almost all pairs linked to the dollar.
Now we can say that the downward movement will continue. It is possible that the pair will go to annual lows and the mark of 1.1450 will soon be overcome. Therefore, we advise you to look for points to enter short positions and set take profits at previous support levels.
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.