The price has bounced during Friday drawing an important long lower shadow candlestick pattern which indicates the price will take back the bullish trend. Also, the weekly chart show us that the price has tried to break down the EMA but it was completely rejected. For now the price could reach at least the 1.24000 level and the 1.26400 in extension.
The price has completed the correction as expected and now has drawn an important long upper shadow candlestick pattern which indicates us is ready to continue going down. The price could reach again the 175 level.
The price has completed the correction as expected and now has drawn an important long upper shadow candlestick pattern which indicates us is ready to continue going down. The price could try again to break the 1.46200 level.