The counter is currently in his last leg of bearish correction- wave 3.
Further it has tested the resistance of 121.369 and unable to clear it. Now, it has formed a rejection candle at the resistance, which is a weakening sign.
Hence, we expect the pair to be bearish in the short-term and move to the support levels of 119.992 and 119.218.
Further it has tested the resistance of 121.369 and unable to clear it. Now, it has formed a rejection candle at the resistance, which is a weakening sign.
Hence, we expect the pair to be bearish in the short-term and move to the support levels of 119.992 and 119.218.
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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.