On the H1 time frame, prices are showing bearish order flow and facing bearish pressure from the resistance zone at 1.06500, in line with the 61.8% Fibonacci retracement and extension where we could see a further downside before prices reach the support zone at 1.05800. Prices are holding below the Ichimoku cloud, supporting the bearish bias.
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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.