On last week, Price has been very bearish as it continues to dip towards 1.21 level where it closed on Friday. Following the Asian Open, it has continue to dip towards 1.2075 level before it rebounded briefly and continue to consolidates above 1.21 level. The overall trend is clearly bearish with price has just broken below the previous Swing Low and form a new Lower Low with the nearest key Support at 1.205 level.
I'll be expecting price to enter a short period of corrections before it continues its bearish momentum to the downside.
Bias = Bearish
Structure = Trending Bearishly
Setup = No
I'll be expecting price to enter a short period of corrections before it continues its bearish momentum to the downside.
Bias = Bearish
Structure = Trending Bearishly
Setup = No
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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.