Price has been slowly grinding it's way lower on this pair.
As the daily chart shows, whilst there has been a steady decline and move lower, there has not been a textbook trend. We have not seen a series of lower highs or lower lows consistently forming.
Price is now looking to break lower and move into the major support level.
If the overhead price flip resistance holds, then it could be a solid level to look for short trades in the coming sessions.
As the daily chart shows, whilst there has been a steady decline and move lower, there has not been a textbook trend. We have not seen a series of lower highs or lower lows consistently forming.
Price is now looking to break lower and move into the major support level.
If the overhead price flip resistance holds, then it could be a solid level to look for short trades in the coming sessions.