DAILY CHART EXPLANATION:
🔸 Price has been on a downtrend after bouncing at the Resistance Zone near the 100 level.
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🔸 It is now facing the Ascending Trendline.
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🔸 If this trendline is broken, then price has potential to reach the Support Zone at 96.00, and, if that Support Zone is broken, then the next target is the Support at 93.75.
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🔸 Will look for a lower timeframe bearish setup in case the trendline is broken.
4H CHART ANALYSIS:
🔸 Price has been on a downtrend after bouncing at the Resistance Zone near the 100 level.
.
🔸 It is now facing the Ascending Trendline.
.
🔸 If this trendline is broken, then price has potential to reach the Support Zone at 96.00, and, if that Support Zone is broken, then the next target is the Support at 93.75.
.
🔸 Will look for a lower timeframe bearish setup in case the trendline is broken.
4H CHART ANALYSIS: