Major Resistance Being Tested
Price action on the daily chart of this pair is now testing the major daily resistance level.
This level is a proven price flip level and in recent times has held as both a proven support and resistance level.
As the daily chart shows; price has now formed an inside bar and a bearish rejection candlestick at this level.
If we can get a sell lower from this level we could look for price to make a swing back into the support around 0.8738.
This level is a proven price flip level and in recent times has held as both a proven support and resistance level.
As the daily chart shows; price has now formed an inside bar and a bearish rejection candlestick at this level.
If we can get a sell lower from this level we could look for price to make a swing back into the support around 0.8738.
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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.
Related publications
Disclaimer
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.