Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish
The market is testing a major horizontal structure 1.460.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.440 level soon.
P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Comment
⋅
I am confident in this trade so I will keep it open!