Dear traders!
Technical analysis:
Price rejection at >1.221 continued with a huge bearish momentum leading the price to test the key S/R level at 1.207. Looking at the past experience we can see that the price was moving in the consolidating channel made of two key S/R levels. We may experience the same behavior as before so watch carefully marked red areas and wait until it possibly goes up .
Feel free to comment, give your thoughts. Would appreciate it if you like it!
Disclaimer!
This post does not provide financial advice. Always do your own analysis. Be aware that only you are responsible for your trades. Trade safe and keep in mind the risk!
Technical analysis:
Price rejection at >1.221 continued with a huge bearish momentum leading the price to test the key S/R level at 1.207. Looking at the past experience we can see that the price was moving in the consolidating channel made of two key S/R levels. We may experience the same behavior as before so watch carefully marked red areas and wait until it possibly goes up .
Feel free to comment, give your thoughts. Would appreciate it if you like it!
Disclaimer!
This post does not provide financial advice. Always do your own analysis. Be aware that only you are responsible for your trades. Trade safe and keep in mind the risk!