The uptrend is not broken, a correction is forming after a retest of resistance. A descending triangle is forming on the chart as the dollar index is starting to show weakness related to the fundamentals. Most likely, from 1.36328 the price may head towards the trend support from which a rebound may follow with high probability.
Resistance levels: 1.36328, 1.37
Support levels: 1.3547
I expect the bearish momentum to continue as the sellers are strong at the moment. The global trend is not broken, the market is developing a correction phase.
Regards R. Linda!
Сделка активна:
The momentum is forming and the price is testing 1.359
Сделка активна:
Consolidation is formed with signs of further decline
Сделка активна:
A decline may follow from resistance
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