Daily: The trend is bearish. The market has been playing around the (0.85263-0.85022) support zone As a result, the market may retrace by the OTZ (optimal trading zone)= It is an ideal area to look for the follow-up trades to the downside after the retracement to the upside where one can gain a substantial amount of pips going long. 1Hrly & 4Hrly: The market must still hit a low to fulfill the divergence on the RSI
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.