Trend remains bearish despite the last few days bounce. The pair broke support and bounced back to resistance. Now we see a very interesting opportunity after the Daily printing a bearish engulfing candle. Our bias is short aiming the 1.2950 area and in the long term who knows if the 1.25 area will be reached, it is definitely in my radar.
RSI stays under the 50 mark what reinforces my view that the bearish trend is about to resume.
Trade safe!
RSI stays under the 50 mark what reinforces my view that the bearish trend is about to resume.
Trade safe!