GA Daily Analysis
The price has rejected off the support 1.78 twice. However the selling pressure has been building up as the pair failed to push higher. Currently the pair is consolidation between 1.78 -1.785 region. A clear break & retest of 1.78 is needed to confirm the formation of the double top. The downside target 1.76 and 1.74 at the swing low.
Bias
Long-term: Short
Short-term: Neutral
Bias
Long-term: Short
Short-term: Neutral
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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.