During last week, we expected to see a downside move from the sell zone.
We saw rejection, but as of right now there's not enough strength in this move to continue lower. In order to make new entries, we should see a breakout of 1,1310 which will confirm the downfall.
Both entry options are directly after the breakout or on the re-test of the level. Preferably, you want to wait for the re-test as well.
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.