the price hit a fairly strong support level @ 1.56800 in the daily timeframe .if trend reversed then maybe we would be looking for a surge lower than this...a retest of the support turned resistance and then signals for a sell.but if not,then we would be looking for a bounce in this region as Rsi is oversold and the 1.56800 support aligns with 0.786 fibonacci retracement level .So anyway.am fairly new to analysis but this is just my opinion.which i believe and follow and trust.but am also open for suggestions corrections and ideas as am here to learn too.
potential movement to 1.52....look at the weekly time frame....Its stochastic is in sell zone and appears overbought i.e potential dips in the pipeline.....1.51641 very possible
Bryankullet
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@pmifsud, yes very possible....we'll see how the week turns out