is approaching our first resistance at 1.1955 (horizontal pullback resistance, 38.2% Fibonacci retracement
). A strong reaction might occur below this level, pushing price down to our major support at 1.1925 (horizontal swing low support, 38.2% Fibonacci retracement
). Ichimoku cloud
is also showing signs of bearish
pressure, in line with our bearish
(89) is also approaching our major resistance and a reaction off this level might be a good precursor for a potential drop
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