Technical outlook: Bearish
- Price exhausted at trend line resistance, retained within current bearish channel pattern
- 1.30 retracement level targeted (psychological, FR 38.2 from 1 Oct run, FR 61.8 from 16 Oct)
- Dollar weak and currently technically structured lower
- Price exhausted at trend line resistance, retained within current bearish channel pattern
- 1.30 retracement level targeted (psychological, FR 38.2 from 1 Oct run, FR 61.8 from 16 Oct)
- Dollar weak and currently technically structured lower
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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.