As we can see we are in range mouvement on bigger TimeFrames.
The key level thta im looking for is 1.781 that represent a strong resistance zone for the price, it did touches it many times without breaking out.
We can also see a retournement configuration in that level wich is a Double Top.
We can also see a bearish divergence looking on the RSI.
Im looking for a reversal aiming for 1.765-1.750 levels, the price might return around the 1.76 levels where we have a Trendline, if it breacks we might look for 1.75 +
This is not a signal call, its just the way i see the market, do your own analysis before taking any risks.
Good Luck.
The key level thta im looking for is 1.781 that represent a strong resistance zone for the price, it did touches it many times without breaking out.
We can also see a retournement configuration in that level wich is a Double Top.
We can also see a bearish divergence looking on the RSI.
Im looking for a reversal aiming for 1.765-1.750 levels, the price might return around the 1.76 levels where we have a Trendline, if it breacks we might look for 1.75 +
This is not a signal call, its just the way i see the market, do your own analysis before taking any risks.
Good Luck.
