has 6 trading days been unable to break free of the channel it has found itself in. The support at 1.2780 is supporting the price but 1.29 looks out of reach from these levels. With RSI
declining and H4 TDI
, we could be about to see the BULLS give ground to the BEARS.
Adding to the possibly BEARISH
picture is the downward channel
edge that price is struggling to break clear from.
We will be looking to SELL this market under 1.2780.