The price is running in a descending channel and is now approaching a strong daily support level at 0.62950, which may lead to a reversal in the trend. The price may drop slightly lower to retest the trendline of the channel. I expect a pullback to retest the resistance level at 0.65090.
NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.
NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.