The counter broke the resistance of 105.8 but was unable to sustain above it.
It has then encountered a strong sell-off and has broken a bullish trendline.
Hence, we expect the pair to be bearish in the near-term.
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.
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.