Sell Limit
Duration: Intraday
Expires: 13/06/2025 06:00
Technical Overview
Traders should remain aware of upcoming U.S. data, with the PPI release at 13:30 UTC potentially triggering short-term volatility.
Key Technical Levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Entry: 1.3700
- Target: 1.3600
- Stop Loss: 1.3750
Duration: Intraday
Expires: 13/06/2025 06:00
Technical Overview
- The broader trend remains bearish, and current price action does not indicate a reversal of the recent downtrend.
- A correction toward resistance at 1.3700 offers a low-risk short entry.
- A move below 1.3625 would confirm renewed bearish momentum, aligning with the measured move target of 1.3575.
- The short-term RSI has turned negative, reinforcing downside pressure.
Traders should remain aware of upcoming U.S. data, with the PPI release at 13:30 UTC potentially triggering short-term volatility.
Key Technical Levels
- Resistance: 1.3675 / 1.3700 / 1.3725
- Support: 1.3625 / 1.3600 / 1.3575
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
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.