- Structure: Downward
- Daily Currency strength: 35% weak
- Expectation: Short
- P.Action: Bullish engulfing
price has been falling ever since last Thursday. However, as the price never reached 1.2750 and as there was no bullish bounce at 1.2624, the picture is more bearish now, with the price breaking below several support levels and, at the time of writing, failing to break up above the nearest resistance level at 1.2547.
- Daily Currency strength: 35% weak
- Expectation: Short
- P.Action: Bullish engulfing
price has been falling ever since last Thursday. However, as the price never reached 1.2750 and as there was no bullish bounce at 1.2624, the picture is more bearish now, with the price breaking below several support levels and, at the time of writing, failing to break up above the nearest resistance level at 1.2547.