It seems to have reached a very important area, it is located at the ceiling of its own channel, there is an important supply area in those areas, and strong resistance is also possible to stop the price. It forms 3D to reach the supply area. Everything depends on the announcement of PPI today, and after the news and confirmation of a suitable candlestick, you can enter the trade If this area cannot stop the price, then we will be ready to buy position.
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Be sure to manage positions for the Federal Reserve meeting
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The position is activated beautifully and the RR is given one to one, we make the position risk-free and withdraw 50% of the profit. Considering the hawkishness of the Federal Reserve and the increase of corona patients in China, it seems that this downward trend will continue for this currency pair.