Target: 0.7000
Risk: 0.7220
Technical reasons:
A head and shoulders’ pattern was completed to push the price to decline strongly, waiting to visit 0.7000 as a next target.
The negative pressure continues by the exponential moving average 50 and 100, while the price stability below 0.7220 keeps the bearish trend valid.
Risk: 0.7220
Technical reasons:
A head and shoulders’ pattern was completed to push the price to decline strongly, waiting to visit 0.7000 as a next target.
The negative pressure continues by the exponential moving average 50 and 100, while the price stability below 0.7220 keeps the bearish trend valid.
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.