Over the weekend, the market closed following a 1H bullish trendline break. However, it appears the market is holding resistance on the intraday timeframes. If bearish momentum persists, the daily ATR suggests a potential test of the hourly swing lows around 103.3, assuming the bearish bias continues.
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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.