I am expecting this pair to continue down movement during the upcoming week. Price completed the 1st wave (green) and 2nd wave (green) of bearish 3rd wave (red). Moreover, if you take a look at the last candles on this pair, then you will see that price struggles to break that level. And as far as I see, the point is that they are fibo levels (0.5-0.618) which are important in Elliott waves.
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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.