EJ Weekly Analysis
Weekly: Previously, the pair has rejected off key support 127.250 and formed a Pin Bar, indicating a potential reversal or a corrective rally. The rally has challenge key resistance 130 but failed to break above to invalidate the downtrend. To confirm the continuation of downtrend, a clear rejection on 128.500 is needed. The downside target would be 127.250 where it is expected to find some support and further down is 124.750.
Bias
Long-term: Short
Short-term: Short
Bias
Long-term: Short
Short-term: Short
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.