The price reached the resistance zone formed by 1.10650 and 1.11000 levels. We can expect a price reversal and a sideways movement after that in the borders of the horizontal price channel. DMI confirms range market conditions as ADX line dropped below 20. RSI is going to confirm the price reversal.
It gives us a sell opportunity based on lower timeframes. The market has space for the falling, and the main target for sellers should be at 1.10000 support level.
It gives us a sell opportunity based on lower timeframes. The market has space for the falling, and the main target for sellers should be at 1.10000 support level.
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