In the one-hour time frame, the parity price is staying just under the lower band of the descending channel. With the price now having reached the oversold area and indicating a divergence, we may expect a retracement back into the channel soon.
The level 1.6000 will be a target in this case. The vicinity of 1.5900 is crucial for the next price move. As long as the price stays below this level, it will sink further.
The level 1.6000 will be a target in this case. The vicinity of 1.5900 is crucial for the next price move. As long as the price stays below this level, it will sink further.
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