Signal for bearish confirmation
Dear Viewers,
As per my previous analysis, it was communicated that there exists a potential bearish breakout, however, in the past week there has been an extreme volatility under the range of 1.3114 to 1.2976. For any potential breakout for further bearishness, this pair must break low of the low. Any breakout below 1.3080 could pave a way for a further downside. The possible support exist at 61.8% Fibonacci level on a daily chart. I advise viewers to put a stringent stop loss at 1.3080 if you are intending to short this pair. Any breakout above 1.3080 can surpass 1.3114 which has been the previous high.
Wishing you all the best!
HAPPY TRADING!
v_sadanand
As per my previous analysis, it was communicated that there exists a potential bearish breakout, however, in the past week there has been an extreme volatility under the range of 1.3114 to 1.2976. For any potential breakout for further bearishness, this pair must break low of the low. Any breakout below 1.3080 could pave a way for a further downside. The possible support exist at 61.8% Fibonacci level on a daily chart. I advise viewers to put a stringent stop loss at 1.3080 if you are intending to short this pair. Any breakout above 1.3080 can surpass 1.3114 which has been the previous high.
Wishing you all the best!
HAPPY TRADING!
v_sadanand
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