The counter is currently in a strong downtrend, making lower-low lower-high.
Now it has made a new low by breaking the support of 1.09636.
It has tested the broken support and validated it in the shorter time-frames.
Hence, we expect the counter to be bearish from here on.
Now it has made a new low by breaking the support of 1.09636.
It has tested the broken support and validated it in the shorter time-frames.
Hence, we expect the counter to be bearish from here on.
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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.