Price has been going sideways for the last few days, ranging between 1.29800 and 1.27700.
It seems price is going down to the support level of 1.27700 and trying to touch the 200 SMA.
If price bounce back, it can go back to 1.27700, but if it can break the 1.27700 and the 200 SMA, then we may see price falling to the next demand level at 1.25500.
It seems price is going down to the support level of 1.27700 and trying to touch the 200 SMA.
If price bounce back, it can go back to 1.27700, but if it can break the 1.27700 and the 200 SMA, then we may see price falling to the next demand level at 1.25500.