Major Resistance Being Tested
Price action on the daily chart of this pair is now testing the major daily resistance level.
This level is a proven price flip level and in recent times has held as both a proven support and resistance level.
As the daily chart shows; price has now formed an inside bar and a bearish rejection candlestick at this level.
If we can get a sell lower from this level we could look for price to make a swing back into the support around 0.8738.
This level is a proven price flip level and in recent times has held as both a proven support and resistance level.
As the daily chart shows; price has now formed an inside bar and a bearish rejection candlestick at this level.
If we can get a sell lower from this level we could look for price to make a swing back into the support around 0.8738.
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