We can find a string divergence with MACD at the bottom, which is a strong indicator for the change of the Bearish Trend.
Price is making Higher lows. and EMA 50 is now making Support.
If it brakes level 1.60900 it'd be a confirmation for a Bullish continuation and we'll be aiming for 1.66500 (38.2 Fibo Weekly level) or even 1.70000 (61.8 Fibo Weekly level) which I can say is stronger.
Price is making Higher lows. and EMA 50 is now making Support.
If it brakes level 1.60900 it'd be a confirmation for a Bullish continuation and we'll be aiming for 1.66500 (38.2 Fibo Weekly level) or even 1.70000 (61.8 Fibo Weekly level) which I can say is stronger.