Price is currently sitting at the weekly resistance level and has formed a bearish engulfing candle here on the 4H time frame. Now after price break the 0.69900 support level it has retested the key level and closed with a doji candle. Expecting a rejection of the 50.0% Fibonacci level and a bearish reversal on this pair for next week.
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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.