The bias is to the downside with price well below the 100 MAV.
Price recently has based around the 1.1630 and has seen a drop to 1.13.
The next base may form around the 1.14 level.
The RSI suggests that the Sellers are in control ( with momentum steadily travelling below 50 level)
Short trade considerations on chart , with targets set by Fib extensions.
Price recently has based around the 1.1630 and has seen a drop to 1.13.
The next base may form around the 1.14 level.
The RSI suggests that the Sellers are in control ( with momentum steadily travelling below 50 level)
Short trade considerations on chart , with targets set by Fib extensions.
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