Price testing the lower Kumo Cloud and Weekly S2
The pair has fallen sharply after gapping below the Monthly PP
at 191,00 and has now reached the lower Kumo Cloud support after
a daily 200+ drop. Possible bounce from here, with the
Weekly S2 adding support, but generally, price seems to be
heading towards the Yearly S1 (after breaking out of the cloud)
at 187,40. A bounce towards 190 seems favourable for shorts,
but intraday sell signals may be just as interesting, since the
direction is clear. Though avoid shorts at this confluence
support (188,40-70)
at 191,00 and has now reached the lower Kumo Cloud support after
a daily 200+ drop. Possible bounce from here, with the
Weekly S2 adding support, but generally, price seems to be
heading towards the Yearly S1 (after breaking out of the cloud)
at 187,40. A bounce towards 190 seems favourable for shorts,
but intraday sell signals may be just as interesting, since the
direction is clear. Though avoid shorts at this confluence
support (188,40-70)