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1-Hour Chart Analysis
Trend: The 1-hour chart also shows a descending channel, suggesting continued short-term bearish pressure.
Key Levels:
Support: 153.014 and 153.000.
Resistance: 153.983 and 155.000.
Indicators:
RSI: The RSI at 46.24 indicates the pair is neither overbought nor oversold, suggesting potential for movement in either direction.
Observations: The pair is trading near the lower boundary of the descending channel. A break above 153.983 could target 155.000, while a rejection at this level might lead to a retest of 153.014.
1-Hour Chart Analysis
Trend: The 1-hour chart also shows a descending channel, suggesting continued short-term bearish pressure.
Key Levels:
Support: 153.014 and 153.000.
Resistance: 153.983 and 155.000.
Indicators:
RSI: The RSI at 46.24 indicates the pair is neither overbought nor oversold, suggesting potential for movement in either direction.
Observations: The pair is trading near the lower boundary of the descending channel. A break above 153.983 could target 155.000, while a rejection at this level might lead to a retest of 153.014.
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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.