Buyers' net outperformance has decreased by 37%, indicating a continued bearish move on the day.
🌐 Overall market volume increased by 2%, indicating that institutional investors continue to reduce bullish positions.
A 1% increase in locked-in investor positions on new CoT report data confirms the assumption of a flattening of the asset's price corridor on the daily timeframe next week.
⚠️ An important resistance level is the market maker's loss level located at 1.1801.
In case this resistance level is reached, we expect formation of a sell pattern and subsequent decline with the nearest target being the market maker's balance level (1.1701).
In case of fixation below the mentioned level, we expect the subsequent decrease to the level of the minimum net profit of the marketmaker (1.1631).
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