The counter is in a bearish mode making lower high and lower lows consistently.
A trendline can also be drawn connecting the lower highs of the counter.
Also, the counter broke a critical support level of 1.62556 with a strong candle.
Hence, we expect the pair to head down from here.
A trendline can also be drawn connecting the lower highs of the counter.
Also, the counter broke a critical support level of 1.62556 with a strong candle.
Hence, we expect the pair to head down from here.
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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.