broke out of our short term ascending support line and is approaching our first resistance at 1.1941 (horizontal overlap resistance, 100% Fibonacci extension
, 23.6% Fibonacci retracement
). A strong reaction might occur below this level, pushing price down to our major support at 1.1867 (horizontal swing low support, 100% Fibonacci extension
). A breakout below our intermediate support at 1.1923 (Horizontal overlap support, 50% Fibonacci retracement
) might provide the bearish
acceleration to our major support level
. Ichimoku cloud
is also showing signs of bearish
pressure in line with our bearish
(89) is also seeing a bearish
exit and we might see a corresponding drop
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