Current Levels: The pair is trading around the 1.0830 zone, showing a decline from recent highs.
Support and Resistance: Immediate support is at 1.0800, with stronger support around 1.0765. Resistance levels are at 1.0885 and 1.0920.
Indicators: The Relative Strength Index (RSI) is declining, indicating reduced buying interest. The Moving Average Convergence Divergence (MACD) also suggests a bearish outlook.
Outlook: If the pair breaks below 1.0800, it could see further downside momentum. However, a recovery above 1.0920 might reignite bullish sentiment
Support and Resistance: Immediate support is at 1.0800, with stronger support around 1.0765. Resistance levels are at 1.0885 and 1.0920.
Indicators: The Relative Strength Index (RSI) is declining, indicating reduced buying interest. The Moving Average Convergence Divergence (MACD) also suggests a bearish outlook.
Outlook: If the pair breaks below 1.0800, it could see further downside momentum. However, a recovery above 1.0920 might reignite bullish sentiment
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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.
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.