The pair has been on a 1D Channel Up since September ( RSI
= 54.610, MACD
= 0.760, Highs/Lows = 7.6694) which has recently hit the 16.25000 1W Resistance. So far that level has been holding for 10 sessions, indicating strong sell bias. Being also the Higher High of the Channel and since the previous times the 1D RSI
has been on similar levels a decline took place, we are expecting at least 16.0200 on this pull back.
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