Price stalled as we approach a 2018 level marked at 90.565. Specifically, price broke above this level back in 2018. Over on the hourly, we're seeing price holding higher on the 90.75 level. If price holds, we can expect short term upside and trade around our major pairs accordingly.
Note
Here's a look at the weekly timeframe:The fact that it stalled at the 2018 breakout level isn't as significant. We're largely marking 90.565 to see if price manages to breach below. If it does, the downside momentum is far from over.
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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.