We expect a breakdown
At the moment, we see that the pair dropped sharply after reaching the level of 1.3290 and lost more than 200 points. The price moved to the lower Bollinger Band and interrupted the upward movement.
We believe that if the price can not overcome and gain a foothold above the mark of 1.3160, the downward movement can be continued and a “head and shoulders” pattern will be formed. Therefore, we advise you to wait for a signal to enter the market. The resistance and support levels are at the levels of 1.3050 and 1.32
We believe that if the price can not overcome and gain a foothold above the mark of 1.3160, the downward movement can be continued and a “head and shoulders” pattern will be formed. Therefore, we advise you to wait for a signal to enter the market. The resistance and support levels are at the levels of 1.3050 and 1.32
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